Re: UNITED AIR LINES TO LAY OFF 950 PILOTS

Mxsmanic wrote:
> jimp@[EMAIL PROTECTED]
 writes:
> 
>> The paper legally represents the owner****p of the house.
> 
> Unless someone else decides to seize it.
> 
>> In the end the ultimate seller may make a profit or a loss on the sale
>> of the future, but the future almost never becomes worthless.
> 
> For every profit, there is a loss.
> 
>> In trading futures one can influence the outcome and minimize the risks
>> by knowing what one is doing.
> 
> Famous last words.
> 
>> In gambling, about the only way to influence the outcome is to count
>> cards at games like blackjack, which isn't allowed in most casinos.
> 
> It works better than playing financial markets

Let's take a July contract on Unleaded gasoline. The contract originally 
sales for let say $3.45/gal. It is then traded a few times before the 
delivery date at $3.47, $3.49 and $3.51. The final settle and delivery 
is at $3.55. While technically the first guy who bought the contract 
lost $0.07/gal. because he didn't hold contract through to the end he 
still made $0.02/gal just as everyone else in the chain did.