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Go ahead and trade OJ and then there will be 3 traders trading it:-)
Brent
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> From: khanitha <charlie@xxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxx
> Subject: O.J. the next bull...
> Date: Saturday, August 29, 1998 3:13 PM
>
> Hi rt's,
>
> If you recall, a few weeks ago, some rt's wanted to get short o.j.. I
> responded by saying if anything you would want to get LONG. Especially
if
> we close above the 115 area for the closest (weekly) contract. Again,
the
> reason being (KISS) simple. I am doing what follows by memory, but i
don't
> think it takes much of a memory for this trade --->
> 1- We are about to break a 9 year downtrend on the monthly
> charts!!!,!!!,!!!
> 2- The winter will be here pretty soon (anticipate the anticipated
> anticipation)
> I believe florida does not have the world population of o.j. it
once
> claimed, but,
> regardless, the "freeze play" is still there...
> 3- Check out the fundamentals--> where in the world are the biggest %
> suppliers,
> what are there projections vs. last year. Do they have a potenial
> frost, of bugs, or
> hurricanes, or La neenno, or anything to that effect to have the
> potential for
> ANY type of "scare"
> 4- Keep an eye on the weekly, daily, but especially monthly charts.
Also
> look
> at % retracements from the old 1990 highs above $2, to last years 65
> cents,
> i think 135 would be the next target, then.......(see my point)
> 5 - refer up the list here to "1-" !!!
> 6- who knows, maybe over the next week, clinton and gorby will give up
> women and
> wine, and start endorsing orange juice (ha,ha!)
> just more common sense observations from a fellow trader...
> gary
> hawaii
>
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