Patrick Hanna

Road And The Complex Tangche Tunnel Construction (eBook, ePUB)

• Format: ePub

Produktbeschreibung

I bought a lot of coffee. But the market did not react significantly, remained passive, and the price did not increase as I expected. As a result, I kept the coffee for nine long months without getting anything. My contracts expired and I had to sell my transfer rights. I lost a fair amount of money on this transaction but I'm still sure my judgment was well-founded. I could be wrong about the timing, but I'm absolutely sure coffee prices will go up like all other commodities. So, as soon as I sold it, I started buying it again. During those nine frustrating months, three times I bought everything I could to absorb the losses. Of course I bought the deferred transfer rights - all the while.

In the end, I wasn't so wrong. As soon as I started buying the third time, the market started going up. People everywhere seemed to suddenly realize what was going to happen to the coffee market. It seemed like the time had come for my investment to return me a decent return.

The sellers in the contracts I have are the owners of the roasters, most of them with German names, and their affiliates, who have bought coffee from Brazil with the hope of bringing it back home (USA). But they couldn't find a ship to transport it, and now they're worried about finding an outlet for that coffee, so they sold it to me en masse.

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Produktdetails

• Verlag: Patrick Hanna
• Seitenzahl: 116
• Erscheinungstermin: 3. Oktober 2023
• Englisch
• ISBN-13: 9798868952937
• Artikelnr.: 69244578