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Advisor

Hey MT good buddy

The scale up selling was working real good.  The Put strategy works real good too.  I really would feel poorly if the farmer reading SF didn't take advantage of these wonderful prices.  I am saying this with real humility because these markets will humble even the most blow hards.

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10 Replies
Senior Advisor

Re: Hey MT good buddy

Nothing wrong with selling 7 and 15.....

5 and 11 were too cheap......

Fyi corn issues spreading north.........have to trust me on this.......

Could see a pop in 10 days or so......we are at a floor here........but if you have a weak stomach......SELL.....
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Honored Advisor

Re: Hey MT good buddy

"We are at a floor here."     Just not the top one yet..........        Smiley Wink

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Advisor

Re: Hey MT good buddy

Most be changing your story from this morning.
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Senior Advisor

Re: Hey MT good buddy

Nope.....still think 8 plus.....soya probably have more room too.....

Charts would say 11 and 22......H/S with a LS complete.....head up.....neckline 525ish and 1125ish.......will we see it.....who knows....

This idea that a bull never sells is farse.........

Again 5 and 11 were too cheap......that's always been the point.....
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Senior Advisor

Re: Hey MT good buddy

$5 and $11 isn't so bad when you have had experience selling below $2 and $3. Yep I've been there and done that!

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Advisor

Re: Hey MT good buddy

Yes kraft his chart looks different then mine. I must be looking at a different pattern then ol mt.  MT flip your chart upside down for your H and S patterns, should be closer to the truth.

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Senior Contributor

Re: Hey MT good buddy

Kraft is dead on here I've sold corn for 1.46 just so I could put fuel in the combine. If you cant make money at these levels your crazy. That being said I think this thing is gonna go higher. Kraft is a smart man when it comes to money, just not politics. LOL

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Senior Contributor

Re: Hey MT good buddy

I think anybody with any experience has sold for the low amounts that you sold for. When I was a kid, I used to stack  small hay bales in a hot hay loft for $1 @ hour. After I got paid,  I thought I was rich because I had ten bucks in my pocket. Today, if you payed a kid $1 @ hour, you would never get them back!

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Senior Advisor

Re: So Mt

at $12.20 would new crop 2013 get your attention? Or is that far too low?

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