Let's play corn!

6 May 10:16pm
Posted by zenoizen
0 Comments
Corn Products International (NYSE:CPO) has been doing very well since early April, closely related to the price of corn.  It's really a shame that some people think that food makes a good fuel, and that so many are rioting around the world just for a crust of bread.

Maybe we can make some money speculating on the price of corn and other grains (they're probably going up) and use some of our gains to help feed those less fortunate than ourselves.  

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About

zenoizen

Current strategy...

1. Reduce losing positions. I've got a slew of stinkers in my portfolio. Many of them are down simply because everything is down. Thing is, I need the cash to pick up a few things that I'm sure are due to move upwards. So, I'm taking some losses to get the needed cash.

2. Buy. Markets are down, but there's no doubt that there is going to be some general upward movement over the summer of 2008. I'm concentrating on ETFs to get the built-in diversification. Plus, I'm also trying to find ways to play different commodities and currencies etc. that will probably gain a few percentages... looks like corn, coal, the dollar and interest rates are the way to go right now...

3. Wait. A lot of the "crap" I'm holding is actually undervalued, and ought to return over the next quarter or two. My excessive shorting of QID will most likely be mitigated in the medium term. Time heals all wounds, they say. Hope they're right!

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