help me understand limit up? emergency

ITR2744 · Feb 6, 2008

soy has a higher limit than wheat... all limit up now

Early2Rise · Feb 6, 2008

Beans 50 cents. Corn 20 cents. Wheat 30 cents.

polpolik · Feb 6, 2008

Quote from ITR2744:

soy has a higher limit than wheat... all limit up now

Except for oil, commodities are having a nice day

SDticks · Feb 6, 2008

You need to use options to get out. Waiting til 4pm is a big gamble. If demand is strong enough, it's just going to go limit during the preopen and it'll just open limit.

PS - I don't think 30 cents is a realistic limit at these price levels.

polpolik · Feb 6, 2008

Quote from SDticks:

PS - I don't think 30 cents is a realistic limit at these price levels.

Agree, limits should be in percentage IMHO.

Early2Rise · Feb 6, 2008

What would you recommend? Short 4 May Wheat at 1010. Last price 1049 3/4.

angel_king · Feb 6, 2008

wheat is locked up max up no movement never seen anything like it

no I dont have any long or short

tns4774 · Feb 6, 2008

Pray?

Rtrader2525 · Feb 6, 2008

Quote from Early2Rise:

What would you recommend? Short 4 May Wheat at 1010. Last price 1049 3/4.

Get out using options man, it'll be painful but much less painful than watching it soard to eleven or so you know?

Early2Rise · Feb 6, 2008

any recommendations on what to do? at this point 1 hr from the close im going to wait till it re-opens tonite.