ahomeplateslugger
Superstar
this is what i am thinking. i might shave some off to buy WHEAT. hearing there is a shortage of this so price is going up.
Boiler Room: The Official Stock Market Discussion
this is what i am thinking. i might shave some off to buy WHEAT. hearing there is a shortage of this so price is going up.
dora_da_destroyer
Master Baker
I'm numb to daily swings at this point, my shyt has crumpled over the last year, down 120k...what's 3-10k intraday now at this point...I'm just waiting for the recoveryI dunno why i even looked at my shyt today
Rickdogg44
RIP Charmander RIP Kobe
What? LolHeard Elon asked Putin for the fade this morning on Twitter?
LOL
I'm not too informed but is there a marked difference in the Oil trade vs the Wheat trade?
My uneducated understanding is that they are both trades based on the squeeze in resources thanks to the war along w/ an increase in demand post-pandemic. The prices aren't sustainable so if/when resources are reallocated, they are gonna fall in a hurry. Not saying it will happen overnight because Shipping is a stretched sector taking forever to unwind, but I think Wheat and Oil move in lockstep.
I actually just did a quick search to see how the Oil and Gas ETF (XLE) is correlated to the Wheat ETF (WEAT) and how that compares to an investment in one of the main indexes (S&P 500, Nasdaq, Dow Jones):
Link (Looking @ Jan 2021 - March 2022)
Overall, Wheat and Oil are strongly correlated at 88%, so it's might not be a very diverse trade FYI
ahomeplateslugger
Superstar
i've been reading about the russia/ukraine situation and ukraine is the 5th largest exporter of wheat so when russia takes over they'll cut the supply off. that could be priced in actually since wheat has had a big move in the last month as well. i'm just looking for commodities to put money into because i think inflation will continue to rise. i'm gonna look into utilities such as water or something like grocery stores.
dora_da_destroyer
Master Baker
i'm roughly the same (-140k)
FreshFromATL
Self Made
This morning somebody in my stock group mentioned not to touch Tesla today and I asked why and he said Elon had been talking crazy on Twitter. Said Elon challenged Putin to a fade and I been busy this morning and didn't get a chance to see if he was being tongue-in-cheek or serious. And low and behold
...
This morning somebody in my stock group mentioned not to touch Tesla today and I asked why and he said Elon had been talking crazy on Twitter. Said Elon challenged Putin to a fade and I been busy this morning and didn't get a chance to see if he was being tongue-in-cheek or serious. And low and behold
It's one thing to stand against Russia. It's another to publicly antagonize their leader on some trolling shyt.
You really don't want those Russian hackers having a vendetta against your multinational multi-billion dollar company
humminbird
Veteran
Officially in the red now before it was just losing gains from the last 1.5 years
Some of my positions I’ve had for years are in the red
Some of my positions I’ve had for years are in the red
blues_funk_reggae
Veteran
Welcome to the familyOfficially in the red now before it was just losing gains from the last 1.5 years
Some of my positions I’ve had for years are in the red
