Investing and Trading News, with a Contrarian, Sarcastic Twist!
The Aussie $ and Euro are being sold off as a result of unwinding carry trades. With the Yen rallying, traders are rushing out of their carry trade positions. I see this as a buying opportunity, and I’ll gladly take the other side of the trade here. Ticket # Reference # Time Entered Status 7621771 […]
Jurgens Bauer says hang on for now until the market bottoms. I have to agree – they don’t ring a bell at the bottom, but be careful before jumping in. However I believe the long side of this trade is the right one long term.
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value Action 10/03/07 Long 1 DEC 07 Australian Dlr 0.8820 0.8923 $1,030.00 10/16/07 Long 1 DEC 07 Australian Dlr 0.8843 0.8923 $800.00 10/15/07 Long 1 DEC 07 Australian Dlr 0.8960 0.8923 ($370.00) 09/24/07 Long 1 DEC 07 Cotton 66.00 65.40 ($300.00) 01/22/07 […]
We have an even nicer opportunity to buy some Aussie dollars. From the Daily Pfennig’s Chuck Butler: The Bank of Canada (BOC) did leave rates unchanged yesterday, as expected… The Bank said that “against a backdrop of robust global economic expansion and strong commodity prices”, Canada’s “economy is now operating further above its production potential […]
From the DJ news wires: On ICE Futures U.S., pit-traded Arabica coffee futures sank to 2 1/2-week lows as funds and small speculators liquidated and batches of sell stops were triggered during the retreat. Sellers were spurred by predictions from Brazilian meteorologist Somar and other forecasters that the nation’s producing areas – where it’s been […]
I just put in an order for another Aussie $$$ contract – going to take advantage of today’s pullback. Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value Action 10/15/07 Long 1 DEC 07 Australian Dlr 0.8960 0.8957 ($30.00)
Well my first morning back – and I see that all of my gains from last week were completely wiped out by a sharp drop in coffee this morning. I am guessing this is weather related. My December contracts closed today just above 130, after flirting with the 140 mark late last week. It must […]
I have two good video clips to leave you with for the next week. I’m heading to Costa Rica for my honeymoon – hopefully the hotel room will have CNBC so that I can still follow the markets. And maybe I can convince the wifey to swing by a coffee or sugar plantation to get […]
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value Action 10/03/07 Long 1 DEC 07 Australian Dlr 0.8820 0.8945 $1,250.00 09/24/07 Long 1 DEC 07 Cotton 66.00 63.25 ($1,375.00) 01/22/07 Long 1 DEC 08 Cotton 63.00 72.21 $4,605.00 04/16/07 Long 1 DEC 08 Cotton 64.50 72.21 $3,855.00 10/05/07 Long 1 […]
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