| JC STONE - 11/30/2018 13:51
55 has identified an area of risk he is comfortable with and profitable
Uh no. I doubt it. He was "profitable" at 9.85ish last spring and hedged his risk proclaiming that. Rode it all the way to 10.60, back down to like 9.20ish where he proclaimed he was "taking profits". If he had simply held on to the hedge, rolled it to march, he wouldn't have had to "trade" down here for 20 cents and he would have a sale price probably over 12 with the trump payment too. No clue what his plan is and wouldn't have even commented other than he is trying to be "right" either way even though he scoffed at the idea. And that was my point.
Wish him well regardless.
Take care
Edited by J P 11/30/2018 15:44
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Just priced some beans
