West KY, Miss River County | Looking at the same-I think- weekly bean chart. As long as the low from mid Nov holds, this would be a set up for a strong push up similar to the 1952-1954 runup in beans. The signal will come if it progresses above the previous $18 high in Sept. If this happens the target price will become much higher. It could be an advance at least as great as the Dec-Sept run up of $7. This would look like 13.72+7.00= $20.72. Pretty optimistic I know but would fulfill the calls from back in the summer for $20 beans. If it occurs it would be considered all a part of a rally from 10.94. Now tell me that doesn't sound exciting? I know how it will/can hurt our users and I am not saying all is good, but if you see these things happening, keep the possibility of a run on $20+ in the back of your mind. I am not gutsy enough to play this with anything other than options at this time, as a Mar 1660 call is only $0.12. Not a recommendation but only an opinion. Good luck.
Edited by Ranchhand 12/5/2012 19:22
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