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March 4, 2008
I have no idea where cotton is going
from here but after rallying over 30 cents in the past 13 trading days, we
have yesterday and today liquidated 100% of our long positions.
While the chart below shows the market at about
89 cents (bid limit up 4 cents today), due to the fact options have no
limits, per the levels options are trading, May cotton is
actually trading somewhere around $1.01 cents a pound at the moment.
Regards,
Bill
866-578-1001
770-425-7241
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