Posted 9/18/2020 08:05 (#8502134 - in reply to #8497025) Subject: as beans are up (again) this morning, thought I would quote one of the experts just a few days ago
experts were pushing in that thread how "beans are as high as they will get"
Swmnag - 9/15/2020 12:01
We are weakening in spite of good sales. Bean spreads are showing a top and so are corn spreads. The action post sales report isnt good. When the funds are long 200,000 beans and 50,000 corn you need to harvest the funds. You can slap everyone on the back and tell the bears how smart you are, but you don’t want to be the last bull standing.
Swmnag - Mostly last Friday was someone having to get flushed on and the funds taking a piece of their hide. A carryout of 460 and we are up twenty? Most of that came in the last 20 minutes and. And no one thinks it is odd. Someone lost their job over the snafu. It reminds me of corn last year in June when ethanol plant bought the last gasp in the rally.
and this gem
Swmnag - 9/15/2020 12:01Keep holding your beans, I grow Them to sell them.
yeah, well, glad you sold yours and missed this rally over the last few days
Not that I expect any of you will have a little more humility about your arrogant expert predictions, because we all know you guys are never wrong, just neat to see such a beautiful example in a couple days time
want me to quote more of the experts? not picking on Sw per se, just such an awesome example, their are plenty on here to choose from (topper, etc)
Whole point is again, not to pick on any one individual, just maybe a little public shaming will get some of the arrogance left behind in the future