|
PureBytes Links
Trading Reference Links
|
Hi Bill
I'm definitely bearish on Sugar at least for the time being.
I'm waiting for it to test the 800-825 level before i reconsider.
I've noticed that the Oct ATM Calls are at a discount to fair value. Any
comments ??
Regards
Trevor De Vries
Channel Sales Manager CPG
Compaq Computer (South Africa)
+27-(0)11-784-8128 (Microcom Office)
+27-(0)11-784-7849 (Microcom Fax)
+27-(0)82-442-4530 (mobile)
> -----Original Message-----
> From: T-BONDTRADER [SMTP:T-BONDTRADER@xxxxxxx]
> Sent: Wednesday, July 08, 1998 11:47 AM
> To: RealTraders Discussion Group
> Subject: Re: Sugar - Long or Short a la EW?
>
> Hi Guys
>
> This Sugar biz looks interesting!
>
> BUT...
>
> Are we long (off a 7-year double bottom) or are we short on an A,B,C
> correction (if that's the term)? Seems to me to be rather important...
>
> Of more importance, however, is what money management do you position guys
> use on a longish term trade like this? It seems to me that one would have
> to withstand considerable margin, on the assumption that the analysis is
> right. I have no idea on the fundamentals of sugar, but from a t/a
> standpoint a 7-year double bottom deserves consideration - particularly if
> you EW guys have played out a 5-wave cycle to the downside.
>
> What is a basis point worth on Sugar?
>
> Curiously,
>
> Bill Eykyn
>
> PS. Sorry about the capitals and the title name - all part of things
> going
> wrong. Hopefully it will be sorted out and I'll be back to my normal
> surname shortly.
>
>
>
>
> << File: LONG OR SHORT SUGAR.gif >>
|