FCPO Crude Palm Oil Futures Trading
PROGRESS - IT IS ABOUT MOVING FORWARDS, NOT BACKWARDS. "Two steps forwards one stop back, not One step forwards two steps back." Comprender? These are chronicles of my rambling thoughts on the market, and should not be construed as trading advice. If you don't like the content just hit the 'back' or 'close' button on the browser
Friday, June 27, 2008
Thursday, June 26, 2008
Wednesday, June 11, 2008
20080611 News today Sime Darby fired two seniou management staff for incurring RM120 million losses from crude palm oil futures trading. these people think they can be Leeson or Jerome Kervial who made tremendous losses for Barings Bank (now defunct) and Societe Generale. That is what you get for thinking the market can be manipulated with size. Now Malaysia has more rogue trader incidents to add to the Bank Bumi and Bank Negara ringgit traders.