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Re: ZincFinger post# 35024

Monday, 12/26/2011 1:49:45 PM

Monday, December 26, 2011 1:49:45 PM

Post# of 277884
I don't see it as immoral.

If I own a distribution company and have a purchase order to tomato growers for market price per bushel, and then sell those tomatoes to local grocery stores for a set price of $12 per bushel when they are actually harvested - I am hoping that the crops are going to have a great year.

I have probably checked to see there was not a drought, plenty of good weather and known the locusts have not come. I am planning on the market price for tomatoes being $9 per bushel.

If my research is right and the market price of tomatoes is $9, I have made money - even though I never had any tomatoes in my possession. If I was wrong, and the market price is $14 a bushel - I have lost money.

If it is OK to do that in the food market, why is it immoral to do it in the stock market?
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