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iPath Bloomberg Coffee SubTR ETN Message Board

  • vanheus44 vanheus44 Apr 26, 2013 1:16 PM Flag

    Price 28.85

    That is pretty unreal, it is had to believe how low coffee is trading. I would expect you would have riots occurring from growers across the world, and farms simply refusing to produce at these levels. I already bought into this falling knife a few times, and not going to today. However, if you have some funds your wanting to invest, I can't imagine that if you bought here today, that in 52 weeks you would not have an excellent gain on your investment.

    Sentiment: Strong Buy

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    • Long wait ahead.
      Arabica slide continues due to Brazilian glut (15% excess crop) . Robusta gaining but only in spot trading mainly to cover short trades.

      No sugar or soffee for me this year.

    • Purrldiver, yeah, good call not buying on margin with JO. I did not as well. Goldman lowering their price target is exactly that, a chance for them to exit their short positions. With time this will reverse and head higher, and it will be interesting to see if it makes a hard move to the upside or just grinds higher. This is a case where patience wins the day. If JO breaks breaks $28, I may have to add again. This is my favorite trading commodity, despite the paper losses I currently have, I have faith this is close to a bottom, and major upside is on the horizon.

      Sentiment: Strong Buy

    • purrldiver Apr 26, 2013 5:03 PM Flag

      I am in the same boat as you. I have bought into the falling knife a few times. I am not selling. Not worried about margin calls since I don't buy on margin (learned that lesson the hard way back in 2000). Goldman Sachs lowered their long-term price targets on coffee a few days ago. I take this call by Goldman as a positive sign. Goldman is probably starting to cover some of their short position after pushing the price down.

      Sentiment: Buy

18.350.00(0.00%)1:48 PMEDT