deep SW On. | w1891 - 9/2/2024 12:03
Elevators won’t participate in a board run up. They will hedge any purchase off.
Some posters are not educated on how elevators business works.
A few co-ops and private entities tried the "buy & hold" until price increased in late '70's and the early '80's....Then would do a Texas hedge until margin money ran out and they claimed bankruptcy. Some co-op managers were given pretty broad hedging powers and thought they could beat the market |
No storing at elevator
