Waggie writes on 3/1.. "Tell me something . . . Do the equity analysts ALSO have a BUY out on Copper itself? You have to remember that PD is a proxy for copper." ""Platinum . . . Closes up over $900.00 for the first time in many many moons. The whole metals group is rocking on demand."" The guy was short and you were hyping the whole metals group right before PD tanked.
well, since everybody is so concerned here about getting credit for their threads - let me give myself 2 credits about threads I posted HERE 2 days ago when I said sold PD short at 89.33 --- just covered at 84.44 --- and sell a move above 42 in amzn sold amzn at 43.30 and just covered at 41.81 WELL DONE PETER !!!
You really are an idiot, aren't you? No, on second thought . . . don't answer that. I did not bash "PeterKiefer" as you say. I merely pointed out that PD trades as a proxy to copper and that equity analysts have NOTHING TO DO with the supply/demand dynamics of Copper. Furthermore, several others on the thread told him to be careful with shorting PD due to the fact that commodities can TREND for an awful long time! If you understood the markets at all, the dramatic rise in the dollar over the past 2 days has obviously caused the metals complex to take a breather . . . And it has also caved the bond market in as well, which has lead to the sell-off in the S&P. I suggest that you put the book, Market Wizards away for awhile and pick up "Technical Analysis of Stock Trends" by Magee and Edwards.
don't you think people here know - especially the ones that trade PD -- that 1. commodities can trend for a long time 2. supply / demand factors are a seperate issue concerning stock analysts opinion --- let me correct that --- most analyst would be out on the street if they would not be able to incl. in their pred. / estimate on where the underlying commodity would trend to . My remark that about 95% of the street was bullish on PD/ COPPER!!!! should everyone alert that a surprise on the downside is waiting to happen. Do you believe that most people here know less than you about the market their trading in ???? PLease get real ---------- treat fellow traders with more respect it is hard enough to be right on the mkts. most of the time why bother with EGOS !!!!!!!!! Please assume when answering to a thread - unless stated otherwise - that the person knows what he is doing and is a pro !
Apparently, there were a few "others" that voiced their "concerns" on the thread as well such as Illiquid and EasyGuru. But I guess you fail to mention that, eh? In any event, I am glad that you made money.