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Started By
Message
Lumber etf
Posted on 5/4/21 at 3:01 pm
Posted on 5/4/21 at 3:01 pm
Lumber is on a tear making All time highs
Wondering if There is an etf to either capitalize on it or have it drop based on My self important belief that when I buy some thing it goes down and I can finally build that guest house
Wondering if There is an etf to either capitalize on it or have it drop based on My self important belief that when I buy some thing it goes down and I can finally build that guest house
6
Posted on 5/4/21 at 3:18 pm to SlidellCajun
I got in NAIL last May and it's kicking arse. It's leveraged but it's pretty much been on the uptick since then..
Posted on 5/4/21 at 3:43 pm to SlidellCajun
When everybody is already talking about it you probably missed the boat.
Posted on 5/4/21 at 3:56 pm to Douglas Quaid
So I should short this ETF?
Posted on 5/4/21 at 4:01 pm to Douglas Quaid
quote:
When everybody is already talking about it you probably missed the boat.
I been thinking that for 6 months but lumber makes new highs daily.
As I see it, either way, I win. If so buy it, it could go down and that means lumber is dropping so I will be able to build my guest house. If it goes up, I make money and maybe enough to afford the exhorbitant cost of this guest house
Posted on 5/4/21 at 5:27 pm to SlidellCajun
Lumber is expected to drop at the end of the year
Posted on 5/4/21 at 5:45 pm to wizard of smart
quote:
Lumber is expected to drop at the end of the year
That’d be fine with me. I can’t take the word of the wizard who posts on tiger droppings though.
Checking out an ETF called CUT but it is a diverse play. I want pure lumber.
I already own DR Horton and Weyerhaeuser
This post was edited on 5/4/21 at 6:14 pm
Posted on 5/4/21 at 8:36 pm to SlidellCajun
quote:
As I see it, either way, I win. If so buy it, it could go down and that means lumber is dropping so I will be able to build my guest house. If it goes up, I make money and maybe enough to afford the exhorbitant cost of this guest house
That seems like a lose lose too.
Posted on 5/4/21 at 8:41 pm to SlidellCajun
quote:
That’d be fine with me. I can’t take the word of the wizard who posts on tiger droppings though.
Try not to be a smart arse about it.
CME Futures
Educate yourself.
November futures imply a 30%+ drop from spot prices.
Posted on 5/4/21 at 9:44 pm to slackster
quote:
November futures imply a 30%+ drop from spot prices.
What did those futures say last September ?
Posted on 5/4/21 at 9:47 pm to SlidellCajun
quote:
What did those futures say last September ?
Not sure. What do you as a TigerDroppings wizard know that the lumber futures market doesn’t?
Posted on 5/4/21 at 10:01 pm to slackster
quote:
sure. What do you as a TigerDroppings wizard know that the lumber futures market doesn’t?
Now who’s the smart as?
Do you understand the futures market?
Posted on 5/5/21 at 7:11 am to SlidellCajun
quote:
Do you understand the futures market?
Yes. What would you like to know?
Posted on 5/5/21 at 7:22 am to slackster
quote:
Yes. What would you like to know?
Are those prices that show for the future months a guarantee of the price in those months?
If not, what do they actually represent?
Posted on 5/5/21 at 7:35 am to SlidellCajun
There are a bunch of them.
Wood is one I know for sure
Wood is one I know for sure
Posted on 5/5/21 at 8:20 am to SlidellCajun
"Give me the lummmba"
Posted on 5/5/21 at 8:44 am to SlidellCajun
quote:
Are those prices that show for the future months a guarantee of the price in those months?
No, except for those that actually purchase the futures contracts for delivery.
quote:
If not, what do they actually represent?
They represent the market’s best guess on the future price at that date. It’s no different than thinking natural gas will go up in the winter and then finding out that the futures already expect that. You won’t make money unless they go up more than already expected.
Posted on 5/5/21 at 12:18 pm to SlidellCajun
quote:
My self important belief that when I buy some thing it goes down and I can finally build that guest house
It might be because you start looking into getting into stocks when they’re at their all time highs
Posted on 5/5/21 at 8:15 pm to zephry801
quote:
So I should short this ETF?
I wonder if there's a counter ETF that shorts it.
Posted on 5/6/21 at 10:05 am to slackster
quote:
They represent the market’s best guess on the future price at that date.
Exactly
That’s why I asked you what the market thought the price would back in September 2020 for May 2021 .
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