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MakoMike

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#3 ·
cowkiller wrote:
loligo your not wrong. Just got my seabass trip limit. For april 1 until further notice and it is 125lbs. scup forget about that 70 lbs what a joke

think it might drive the summer price up?
 
loligo

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Discussion Starter · #5 ·
cowkiller wrote:
loligo your not wrong. Just got my seabass trip limit. For april 1 until further notice and it is 125lbs. scup forget about that 70 lbs what a joke


I think I need to stop complaining and feel lucky after hearing what you get...wow.

I get to catch 200#'s till we use 50% of our annual quota, then it reopens 8/1 and I can take 200#'s then too. Scup I can take 200#'s spring during sea bass and 400 in August when it opens directed.

70 #'s of scup? WTF?
 
6

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#8 ·
Hello John...as you know, NY fishermen have been getting the short end of the stick for years. These landing numbers just confirm that.

Jack, the dynamics of the market usually dictate that other species will take up counter space as sea bass and scup scarce in the local markets, but sea bass and scup will always be brought in from other states to meet demand, at least for biscuits.

As bad as the numbers may look for the licensed pin hooker, the May 1st to July 31st is the key as the fish move in. Even when the 75 percent trigger is met, 150 lbs is not bad, especially if you are fishing for the live market.

Also period 4 is pretty decent, if there are sea bass around in any numbers. Last year was one of the worst we have seen in many years, so anyone doing trip limits of 400 lbs of biscuits is doing very well.

Scup will be relegated to a bycatch while sea bass fishing. I guess all those scup pin hookers who fish west grounds, will now have to find some place else to fish. It is a true shame to say the least.

It could be worse...you could of been working for Bear Sterns and had everything invested in their stock.

Joe, your so right about restaurant demand which has been pretty lousy with this economy...high fuel and of course higher bait prices is just going to make it that much harder to make some money unless you consistently make trip limits every day. Not a good time to be a commercial fishermen.

EC NEWELL MAN><
 
H

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#10 ·
EC NEWELL MAN wrote:
but sea bass and scup will always be brought in from other states to meet demand, at least for biscuits.
Which generally results in LOWER dockside prices to the fisherman.

It also increases the price to the consumer,
and at a certain price point,
the consumer will switch to other alternatives.
This is mainly true for the Scup.
Also, losing the industrial market for these fish didn't help.

Seabass a different story,
even at todays prices,
they are still "undervalued" and can see more price appreciation
before they hit a ceiling.

Always a good and bad to everything.
Bad for the Bear Stearns employees,
but a gift to the traders for the past 2 days.
Easiest money making play this year so far, buying BSC on Monday.
 
C

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243 Posts
#11 ·
Hey Water, With the new requirements for the Food Fish license, you will see that number go down every year, as more and more get out of the business.It is almost impossible to get one now.They are stopping the future generations of fisherman, before they can even get started.
 
6

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#12 ·
Well Jack, if you bought BSC on Monday, I would like you to lend me that crystal ball you are using since everyone was fearing Lehman was next to topple, and BSC being worth as much as most party boats these days....and Goldman wasn't looking to hot either. That takes some brass jewels to drop money into that one with the reports coming out the next day!

I do agree with your assessment on the market though....the consumer usually takes it on the head, but I told you that at one point about year and a half ago, I saw nice jumbo scup for 99 cents a lb, and medium sea bass for 1.69 a lb in a local fish market.

Depends where you buy the fish....you can go to Fairway and pay Rolls Royce prices, or one of the local places and pay much, much less.

Joe, that't the DECs game plan....but it is going to be a thinning of the heard anyway, with no one making much money in this business for the near future. If you heard the news about some of the boats being sold you could understand why...diesel at 4 dollars plus a gallon? It is not good.....

EC NEWELL MAN><
 
togmaster

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#13 ·
fUEL 4+ TRY 5 + TODAY

Steve it is true just spoke to some of the fuel docks in freeprot and todays price if paying with credit card is $5.51 right now this true
herd it right from roy at Mako marine
He expects to see 7 bucks come summer time

Gee a run to the jetty and back will be over 100 bucks for most
 
togmaster

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#17 ·
discounted is high as well

Even discounted it was just under 5 but taxes are killer
the more the us dollar drops the worse it will get
Guess LIPA finally figured out how to keep us off the water LOL

You think the DEc would let food fish holders fish together to save fuel
Yea right
it will actually cost you money to fish for a living the way it is going
 
H

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#18 ·
EC NEWELL MAN wrote:
Well Jack, if you bought BSC on Monday, I would like you to lend me that crystal ball you are using since everyone was fearing Lehman was next to topple, and BSC being worth as much as most party boats these days....and Goldman wasn't looking to hot either. That takes some brass jewels to drop money into that one with the reports coming out the next day!
When there is blood in the streets, its time to go shopping :)

Crystal ball was easy, gov backed the paper, limited risk to Lehman.
Look at BSC hard assets (realestate, leases,equipment,etc)
minus cost of liquidation and employee termination costs,
and it comes out to around $7-8 a share.
I didn't buy in on Monday morning,
watched and waited until lunch time to see what the boys had planned for it,
then during that lunch time lull, I took my positions.
When they came back with full bellies,
and feeling a little better about life,
they went to work moving the stock :)

I posted this about 2 years ago on NE.

I said if you wanted to know the price of gas into the future,
then take the last digit of the year and minus 3.
That will give you the approx cost of gasoline per gallon (on land).
Will be that way until 2010, then a slight drop,
before we surge back up again.
 
G

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#19 ·
HJ, I never doubted you. As a matter of fact when I was debating some
's about alternative energy resources in the Lounge and I posted a link to a post you made 3 or so years ago when people were complaining about $2.29 gas. In that post you said "those prices will look cheap in a couple years.: Although my post with link was deleted (this was a few months ago) I can authenticate you're posting as I still have the link. So, you were right is the bottom line. (Nothing unusual)

However, I'm curious to find out why you say there will be a slight drop in 2010 ? Also, why do you think diesel is more expensive right now ?

This post edited by GradySailfish 12:49 AM 03/19/2008
 
clementine

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#20 ·
GradySailfish wrote:
However, I'm curious to find out why you say there will be a slight drop in 2010 ? Also, why do you think diesel is more expensive right now ?
maybe this is why???
HungryJack wrote:
I said if you wanted to know the price of gas into the future,
then take the last digit of the year and minus 3.
That will give you the approx cost of gasoline per gallon (on land).
Will be that way until 2010, then a slight drop,
before we surge back up again.
2008-3=5$
2009-3=6$
2010-3=-3$:):):)

only guessing...
 
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loligo
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