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Wheat Limit UP again today mon feb 25--25k at bid...get in?
- Thread starter increasenow
- Start date
easy overnight short-wheat
I agree that there's no reason to sell Wheat now, but I thought the massive bids every time there's a limit up is because you get pro-rata fills (proportionate according to your % of the bid size)? So it's not "real" demand if you catch my meaning, even though you can hit it if you'd like.Quote from brocklanders:
Yes, without fools willing to short a raging bull contract how would we make any money?? Seriously, do you think that the 20K sitting on the bid are there because they want to be? Most are trying to cover earlier short positions. How many days could you stand to have it go limit up against you before you get liquidated? That is the question you should ask yourself before you go short on a limit up day.
Quote from increasenow:
easy overnight short-wheat
If you are going to short, I would short the July 08 and not the May 08. The old crop is like a tinder box that is ignitable on any sniff of a supply squeeze. At least by July, there will be new crop coming in. Still think the risk reward is poor for a short at this point.