Bob wrote:
>
> [EMAIL PROTECTED] wrote:
> >
> > Bob wrote:
Lyris buster
> > Uh, definitely WRONG. You can open an account with some brokers for
> > only a couple G's. Presently Belly margin is around $2.5K, and that
> > is ALL you need. No need to show/prove the ability to assume the
> > whole contract.
>
> I noticed you said "some". I wouldn't want to own shares in those
> "some" brokerages. I wonder how long they are going to be in business.
I guess I should have said MOST. Including ALL of the big names
in the business. I have been doing this for 20+ years.
Lind-Waldock, for example.
> > > So are you saying that when the bacon futures contract settles,
> > > it's life ends, the underlying security (the bacon) went pueff?
> > > Disappeared into thin air? Or the contracts went pueff? Disappeared
> > > into thin air? But the bacon was still there?
> >
> > No. When the contract expires, all hell is to pay. You better be out
> > by then, else Guido the Collector will be there with the truck load
> > of bacon and his hand out for the money.
>
> I don't think you understand the questions.
I don't think you understand the answers.
>
> But, as mentioned before,
> > you don't have to prove that you can/will pay for the whole contract
> > at the time of purchase/sale. Usually, the broker will make sure
> > that you are out well before First Notice Day.
> >
> > Hans.
>
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