Cattle Futures -- Locked LimitDown

[limitdown]

wow,

is this a curtain call?

 

[Flashboy]

Funny Huh..

And they kept talking about fear of Mad Cow this morning and last night..

 

[LongShot]

put 'em out of business and lower health care costs! :-/

 

[maxpi]

Cheap beef for Americans!! Stock up.

 

[limitdown]

sure picked a good moniker....


kinda appropriate, if I may say so myself

 

[chessman]

oh boy, they are saying cattle futures would be locked limit down for the rest of the year. Imagine being long !

Just when all the hedge funds were starting to trade commodities !

 

[riskarb]

Gotta love it -- rep. of the Cattleman's Assoc. attempting damage control in stating that Mad Cow isn't in muscle, only brain and CNS -- how comforting!

I'd imagine we'll be limit-down until the CME expands the limits.

arb.

 

[marketsurfer]

Quote from chessman:

oh boy, they are saying cattle futures would be locked limit down for the rest of the year. Imagine being long !

Just when all the hedge funds were starting to trade commodities !

yes, it could be devastating to the longs--far beyond blowing out your account. when a commodity is locked-- one can lose far more than just the account amount-- i have heard of guys with 3500.00 accounts being on the hook for 250k after an adverse lock move--- and you can't get out of it.

best,

surfer

 

[LongShot]

Quote from marketsurfer:

yes, it could be devastating to the longs--far beyond blowing out your account. when a commodity is locked-- one can lose far more than just the account amount-- i have heard of guys with 3500.00 accounts being on the hook for 250k after an adverse lock move--- and you can't get out of it.

best,

surfer

what a lousy x-mas present :-/

 

[marketsurfer]

Quote from LongShot:

what a lousy x-mas present :-/

yeah, for sure.