Good afternoon DH and thanks for info, I got out of all shorts today and am now Long Aug & Oct!

I want to quote some of what I got in an e-mail this afternoon---After a powerful move yesterday, the august fell back today into a zone where we feel comfortable taking a shot from the long side. We were in anticipation of the cutout finally breaking and in turn the cash dropping hard but that has yet to happen. The red hot belly market is single handedly holding the cutout at record levels and it doesn't look like it will stop soon. Therefore we believe the futures will have to rise to narrow the basis which expanded 1.075 today to 10.90.

I believe DH, this is what you have been thinking and saying for sometime!

Dewey