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Remember when you couldve sold beans for $17.50 but waited for $20?
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AGtrader
Posted 11/12/2012 12:56 (#2692982 - in reply to #2692955)
Subject: Re: Remember when you couldve sold beans for $17.50 but waited for $20?



you guys are proving my point. there couldnt have been worse news. the worst drought in 50 years.... the devil himself was out this summer burning crops. pull up the longest yearly chart that you can. i said this 4 years ago on this board and i'll say it again. every spike in human history is to be sold, not bought.

i single cancellation by China for a bean order, and poof.. its all gone. lots of rice available like i said. who knows, China was probably gettting short beans @ 1750 and then wait a bit... issue press release of cancelled order... cover 400 lower...and then buy them on the mkt. after pocketing the 400 points ... their basis on the buy is now closer to 10 . voila
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