Discussion in 'Commodity Futures' started by TheCaymanIsland, Dec 1, 2008.
do you guys think MOO is a great long term buy?
Not just yet, i liked that & that sector during its last good uptrend;
MOS just reported fertilizer sales exspected down next 2 quarters.
Pilgrims Pride just declared BK;
forner CEO had a stroke/died last DEC 2007
That underlying sector is one favorite of favorites;
it could go to $10 or lower but long term , you may want to start scaling in, over a period of months.
If you like longs in a bear trend]
Hi Murray, I think I'm going to sell downside puts in MOO and if I get assigned, I'll be happy to go long at that price. Also selling downside in MOS.
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