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iPath Bloomberg Cocoa SubTR ETN Message Board

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  • itisntwhatitis itisntwhatitis Jan 11, 2012 9:33 AM Flag

    The bearish case??

    A couple of reasons why it will almost certainly go upn.
    1)Because everything can always go HIGHER :-)
    2)Political unrest in Nigeria, one of the largest cocoa producers.
    3NIB hit its all-time low of $27.23. If I'm a chocolate manufacturer, I'm loading up on this low priced commodity while the price is so attractive.

    I have a sell in for $50 because I'm very fond of 100% ROI

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