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Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
0

A real question of moxy.

Did you buy corn today?????????????

sw
Senior Contributor
NDf
Posts: 323
Registered: ‎05-13-2010
0

Re: A real question of moxy.

I did. but I'm out already still long the calls I bot today useing the profit on the futures to pay for the calls

Senior Contributor
giolucas
Posts: 1,057
Registered: ‎06-25-2010
0

Re: A real question of moxy.

Bought soybeans .
Advisor
c-x-1
Posts: 2,921
Registered: ‎06-26-2012
0

Re: A real question of moxy.

[ Edited ]

yes.

 

NDf--i thought you said you did not like the low in Dec...from chart?

 

sw,

how 'bout you?

Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
0

Re: A real question of moxy.

Bought enough to take 60 cents out of some hedges I held past the proper time, but not moxy enough to over buy the position.

sw
Advisor
c-x-1
Posts: 2,921
Registered: ‎06-26-2012
0

Re: A real question of moxy.

net is net.

 

forgive my lack of lingo savvy sw, but what does moxy mean?:smileyembarrassed:

 

thanks,

c-x-1

Senior Contributor
NDf
Posts: 323
Registered: ‎05-13-2010
0

Re: A real question of moxy.

[ Edited ]

CX! I still don't know what you were trying to say in that chart pattern if I would put a position on based off it I would wait for a rally to fill the gap and hit it hard. I just see fundmental value in old crop corn at this level, but only have guts to hold a longer term position in the option market with the funds selling it hard.                                                                                                                       

Senior Contributor
NDf
Posts: 323
Registered: ‎05-13-2010
0

Re: A real question of moxy.

CX! went back and looked at your chart and noticed that I've been talking about old crop July and your chart is the new crop dec. I still don't see your bottoming action if anything with a break out to the downsidewith new lows for the move it tells me to  wait for a rally and then sell

Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
0

Re: A real question of moxy.

that would be macho in south texas

sw
Advisor
c-x-1
Posts: 2,921
Registered: ‎06-26-2012
0

Re: A real question of moxy.

i'm in calls, as well.

 

that Dec chart is just 5 waves of longer legs w/ last one supposedly exhaustive, coupled w/ all the other info...like getting so close to last May lows after emergence-we ain't there yet (seeds in bags, etc)...no wutta mean?

 

everyone has different ideas as to where to enter that broadening pattern...the basis of it is the weaker participants get so sick or bankrupt from being whipsawed so many times they give up......

 

.......just passing along for the farmers more concerned about the new crop that it spoke good support to me on todays lows -- that's all.........................thx