Stocks & Commodities V. 24:13 (40-45): Interview: Bob Pelletier Of CSI Data by Jayanthi Gopalakrishnan

Stocks & Commodities V. 24:13 (40-45): Interview: Bob Pelletier Of CSI Data by Jayanthi Gopalakrishnan
Item# \V24\C13\250INT.pdf
$3.95
Availability: In Stock

Product Description

Stocks & Commodities V. 24:13 (40-45): Interview: Bob Pelletier Of CSI Data by Jayanthi Gopalakrishnan

Not many current traders can remember a time when commodities werenít a driving force in the markets, but Robert Pelletier, president of CSI, can. Pelletier has a background in statistics, probability theory, and analytical modeling, worked in the Advanced Analytical Methods Laboratories at the General Electric Co. in New York, consulted for the US Navy in Hawaii under Planning Research Corp., and originally formed CSI as a historical market data supplier in 1970.

STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan sent Pelletier a series of questions during January 2006.

How did you get interested in commodity trading?

I formed Commodity Systems, Inc. (CSI), in 1970. That event was triggered by my first experience with the futures market back in the early 1960s. At that time, commodities were something only commercial hedgers and a few traders found sufficiently interesting as a medium of trading. My initial exposure to commodities began with President Kennedyís 1961 foreign policy debacle: the Bay of Pigs invasion. Cuba, which was a leading world supplier of raw sugar cane crops, was invaded by Cuban exiles under US sponsorship.

I was working on a mountaintop in Benton, PA, at the time with a seasoned trader friend who took the opportunity to introduce me to the world of commodity futures trading. At the time of the invasion, world sugar was priced at only 1.5 cents per pound. Because of the invasion, the price of sugar rose to 13.5 cents per pound in just a few weeks. This incredible jump in price translated into sugar contract holdings of literally hundreds of thousands of dollars as a friend of mine pyramided his tiny one- or two-contract position into perhaps 100 or more contracts, where each contract represented 112,000 pounds of sugar. Each cent appreciation in the price of sugar rewarded the long-holder with $1,120 per contract.




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order