Investing and Trading News, with a Contrarian, Sarcastic Twist!
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 70.65 $3,825.00 04/16/07 Long 1 DEC 08 Cotton 64.50 70.65 $3,075.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 116.55 $468.75 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 116.55 ($1,481.25) 12/05/06 Long 1 […]
From Agora Financial’s 5 Minute Update: Wheat surged to $6.64 a bushel yesterday, a record high price. And the U.S. Department of Agriculture reported the highest U.S. wheat exporting week since 1996. “No shock here,” our Maniac Trader Kevin Kerr commented this morning. “Demand in China is skyrocketing, ethanol is pulling more potential ‘food’ out […]
Just couldn’t help myself – bought another coffee contract this morning. Placed the order yesterday with a limit of 116.00 BUY 1 DECEMBER 2007 COFFEE ‘C’ 116.00 LIMIT BOUGHT 1 DECEMBER 2007 COFFEE ‘C’ AT 115.30 (07/27/07 05:59:56AM) In celebration, I just picked up a cup of Organic French Roast and am sipping it now!
“Led by soaring grain prices, The Economist‘s dollar food-index has risen to its highest level for more than a decade. Wheat prices are at an 11-year high, and stocks are forecast to fall to a 30-year low by June 2008, despite a recovery in Australia’s harvest.” Read the full article: http://www.economist.com/markets/indicators/displaystory.cfm?story_id=9412071&CFID=8960712&CFTOKEN=66230367 “The coffee market is […]
Good old cotton’s been making a small run up over the last couple of months or so. Here’s the latest news today:http://www.fxstreet.com/futures/news/article.aspx?StoryId=d2121659-b681-441d-bf3e-936c1a2b681f Looks like the funds are starting to get into this trade. I’m bullish on cotton because it is one of the only grains that has not been part of this massive run up. […]
And stronger than ever! It’s been awhile since the last post – I freaked out when my account started to tank soon after I started this blog. But now I’m back testing the financial gods again. Won’t dwell on the past too much, but the account had dipped all the way down to $7K and […]
Well after topping $.18/pound, the Oct ’06 sugar contract started dipping a bit. Then last Thursday, I was watching CNBC and they popped the one year chart of sugar up on the screen. I thought “Oh God, if they’re showing the chart of sugar up on CNBC, it is getting close to selling time.” After […]
Here’s the portfolio as of the end of the day today. Couple of things worth noting today: 1. Bush is supposed to talk about ethanol in the State of the Union:http://www.cnn.com/2006/POLITICS/01/29/bush.sotu.ap/index.html The main way that the US produces ethanol is from corn. The corn usage for ethanol has tripled over the last 7 years and […]
Brief bit on sugar in today’s Daily Reckoning, a free financial newsletter that I read regularly. The authors are basically angry old men who think America is going down the tubes. They do have very good insights though and I read it for their contrarian views and sense of humor. You can check it out […]
Just a quick update, my sugar limit order was not filled today at 15.50. I bumped up the limit order to 15.65, which is what the contract closed at today. We’ll see if this gets filled on Monday. Pour your sugggggar on me! C’mon fire me up!
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