NYCTraderC

3 Comments

    • ON: Mon Jul 7th 11:22 AM
      Commented on:
      The After Hours Oil Scam
      Also, closing after hours trading on the Nymex would do nothing as oil is traded on other exchanges.
      View article »
    • ON: Mon Jul 7th 11:19 AM
      Commented on:
      The After Hours Oil Scam
      I really don't think using the USO data is a good approximation of actual Nymex trading. The trading of the USO is done mainly by traditional equity funds that don't have access to commodity futures trading. As a result, both the volume and sometimes price of the USO can be horribly out of line when compared to the Nymex front month contract. Further, oil is traded around the globe on several exchanges. Admittedly, not all are the light, sweet crude variety featured on the Nymex, but I personally believe the overnight trading of the DME Oman Crude, the ICE Brent Crude, etc., has a larger impact on Nymex than the overnight trading of USOs.

      I don't necessarily disagree with your point that speculators are driving the market or that, in limited cases, there is actual, explicit manipulation occurring. However, I disagree with your methodology as I don't think the USO corresponds to the crude paper trade that well.

      To be honest, I think the USOs, UNGs, etc. are bogus.
      View article »
    • ON: Wed Apr 9th 18:38 PM
      Commented on:
      What Is Starbucks Doing Out There?
      Since when is listening to your customers a sad idea? I agree with many of your assessments, but your tone is obnoxious and your take on customer feedback is ill-thought-out. Admittedly, I have the advantage of knowing at this point that MyStarbucksIdea.com has been a huge success in terms of feedback volume, but still. Arrogantly denouncing listening to your customers as "sad" is far from quality analysis.

      Also, visit your local Starbucks. They are making a lot of the changes you suggested.
      View article »
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