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OJ, Cotton and Softs Forum

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By:cal
Date: Monday, 25 June 2007, 2:58 pm

Hi, Juicers,
OJU dropped under 125 twice today, barely, and I bought one back. First in-first out would leave me with the one still short from 129.50, but after having taken 14 1/2 cents profit on the short from 139.50. And, yes, I'm still looking for the opportunity to short again.
Right, Nicky, aside from that huge run-up starting in '04, I recall also that under $1.00 was far more common.
So I would expect a retest of something lower, and if recent movement is any indication, it could be soon.
Didn't venture to any long position today.