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Re: Futures, JO (Orange Juice)



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At 08:59 PM 11/8/1997 -0500, you wrote:
>
>
>On Friday JO shot up approx. 3 cents in the last 5 min of trading.  Does
>anyone know why the late furry in JO. JO just doesn't want to go down even
>though the seasonal tendencey for this time of year is usually down.
>
>Could we be looking at a good market to get into at historic lows.  If we
>get a freeze this winter this will be the buy of the century.  Starting
>from historic lows to who knows where if this El Nino takes out the orange
>crop.
>
>I see a wave 5 yet to be completed so I am a little hesitant right here,
>but I am ready to buy with both hands and feet if the recent highs are
>taken out.
>
>Message Sent With King Regards,
>
>Yorker
>
Info I have on El Nino seems to suggest that we can expect a milder winter
based on what has transpired previously.  Taucher's Almanac suggests that HO
will decrease in price.  I'd be wary of JO on the same basis.


Consider Practicing Random Kindness 
(Read RAK's in Reader's Digest May 1992)
Roy C. Sampley
rsampley@xxxxxxxxx