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Wednesday, February 10, 2016

Need to know who the sucker is in the room when you walk in .

http://www.weeklytimesnow.com.au/agribusiness/federal-court-finds-egg-producers-did-not-attempt-to-create-cartel/news-story/7527a0033651363e57d1cb09e21a0726

Hi readers.

So the ACCC loose there case against Farm Pride... Not surprised by that .
As I said previously there Jupiter is so strong for another 22 months anything that is throw at them will fail.
The truth is your dam right it's a cartel and a good one too..
Problem is you have to prove it.
Exactly the same as the broking houses with there insider trading.
They know it goes on but the regulators have to prove it..

Stupid regulators easy to hide insider trading.
Dumb regulators easy to hide cartel evidence.

The oil companies do it too, but in this case it's on a small scale and the ACCC  was under the impression that FARM PRIDE would roll over..
IF YOU DONT KNOW WHO THE SUCKER IS IN 3 SECONDS FLAT , YOU ARE THE SUCKER!!!!!!!!
So where does the stock go from here?
I still believe it's proper value is between the $1.80-$2 area.

In the markets yesterday we saw a large elephant margin called and as a result the ASX took a beating.
Only to bounce solidly back after the selling was completed...
That's what happens when your big, everyone can hear an elephant walking .
Bigger isn't always better.
When your trading small market you need to be a tiger, where nobody can hear you coming or going.
It's amazing how the banks in Australia have the population as slaves.
I say this because the CBA reports a 4.6 billion first half profit.
That's so ridiculous I can't even digest it.
That should hold well for a positive day on the ASX but don't expect it to carry on throughout the day.

In the U.S. we are getting to the point where we need to see if the fed has balls.
Investment banks are prepared to take on the fed at its word which means it's time for action.
Banks through there investment arms will continue to push the market down to keep the fed at bay.
Fed needs to keep raising rates to at least 2% .
Needs to reload there guns and need to get of this QE addiction the market has.
If Bullard was the chairman rates would already be 3% now ..


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