MURICO.com Forum

Re: Spike, I was looking for----
In Response To: Itz going to *PIC* ()

Oct cattle to have a $2 to $2.35 backfill off of the 146.25 high and I got that plus a little extra. I wasn't expecting a little extra that we got today. I'm out of all my short Oct yesterday, except the positions @ 146.10. I was buying Dec yesterday @ 149.90-150.00 and a few @ 149.75 today. Now waiting and expecting cattle to have their $2.50-$3.00 reaction bounce at any time now. I will be very disappointed if Oct fails to pop back up to 146.00-146.50 next week. I even have a few sell orders waiting @ 146.75. There is a slight chance for a hit on 147.00 but that would start to engage my anxiety meter, so I would rather not see that happen. Knowing it is certainly possible is why I have been building long positions in Dec so i'm protected ahead of all the emotion triggers.

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Itz going to *PIC*
Re: Spike, I was looking for----