My personal portfolio: Lumber stop triggered; a long in soybeans opened
Comment of the Day

September 10 2010

Commentary by David Fuller

My personal portfolio: Lumber stop triggered; a long in soybeans opened

David Fuller's view This is another fish story, in terms of the one that got away. When lumber initially surged following its opening, I placed a breakeven stop. This was triggered at $227.50, against my purchase yesterday at $227. A short while later I bought soybeans (weekly & daily), paying $10.371 for a November contract. So I now hold a four-grain salad.

Prices above include all spread-bet dealing costs which were $1 (each way) for lumber and 2¢ for corn.

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