Stinson Dean - Talking Lumber
The Business Brew
00:00
Buying Lumber at 15 Hundred Dollars
I have made the best trades in my short career, buying lumber when it was at 15 hundred dollars. Because i hedged it at 17 hundred dollars. Futures went from 17 hundred to four 50. But this particular cash item went from 15 hundred to i sold it for six 50 or something. I think there's a lorge lot of margin calls to space off for thata rateo 50 %. You could have bought lumber at 11 hundred bucks. That was some point, and you could hav bought it on the way down. And now it's worth 505, 56 hundred. So what were you thinking when it was mooning? As somebody that i perceive your business to be
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