Re: [RT] beans

["Norman Winski" <nwinski@xxxxxxxxxxxxx>]

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  ----- Original Message ----- 
  <DIV 
  >From: 
  ckp 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, April 06, 2004 2:02 
  PM
  Subject: Re: [RT] beans
  
  Hello Norman
  sorry could not reply before. I was away for two 
  weeks. great call on beans I missed it 
   
  NW: Thanks.  
   
  .Do you follow coffee ?
   
  Yes. I am bullish long term, but I think it may 
  need more time. 
   
   
   looks like it is bottoming. 
   
  Regards,
  Norman
   
   
  Thanks
  Kris
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    ----- Original Message ----- 
    <DIV 
    >From: 
    Norman 
    Winski 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Monday, April 05, 2004 11:32 
    AM
    Subject: Re: [RT] beans
    
     This is a follow up to my reply to CKP 
    who asked for a Soybean forecast. Please see below.
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    >
      ----- Original Message ----- 
      <DIV 
      >From: 
      Norman 
      Winski 
      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="">realtraders@xxxxxxxxxxxxxxx 
      
      Sent: Friday, March 19, 2004 1:00 
      AM
      Subject: Re: [RT] beans
      
       
      <BLOCKQUOTE 
      >
        ----- Original Message ----- 
        <DIV 
        >From: 
        ckp 
        To: <A 
        title=realtraders@xxxxxxxxxxxxxxx 
        href="">realtraders@xxxxxxxxxxxxxxx 
        
        Sent: Thursday, March 18, 2004 2:29 
        PM
        Subject: [RT] beans
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        face=Arial size=2>
        Hello
        I would like the opinion for the beans is 
        this the area to consider to buy puts or not? Norman and whoever follow 
        the beans would like inputs and what strike price would be good if is 
        topping?
         
        NW: Yes, I think May Beans may be getting 
        close to a high. However, I see some cross currents
        that should make any top over the next few 
        weeks a complex affair.  Look for a possible short 
term
        high on the March 22nd opening.  
        Rather than using options, I would use futures and short a minimum 
        position, perhaps a mini-bean. If correct, beans should correct about 
        40-60 cents. 
        However, my real objective in this is to 
        test the waters to find a extended topping period where
        mucho dinero can be made trading the 
        shorter term cycles such as the Lunar cycle.  Once I 
        see
        the market to begin to respond as I expect, 
        I will begin increasing my positions.  Currently, May
        Beans have exceeded my expected 
        minimum upside target of 1002, so if Friday is sideways or 
        higher, Beans should be setup to sell on 
        Monday's opening.  
         
        ACTUAL RESULTS:  May Soybeans topped 
        mid day on March 22 at 1062 . I went short on
        the March 22 opening, per my posted 
        forecast at 1045. I covered my short at 1002, in line
        with my posted analysis, on March 29th, for 
        a 43 cent profit which if you did a mini as recommended = a $430 profit 
        excluding commissions. 
         
        Regards,
         
        Norman
         
        Kris
        <FONT face=Arial 
    size=2>Thanks







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