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Teucrium Corn ETF Message Board

  • Wavespeak press release 09/23/2012:
    Stock: Teucrium Commodity Corn Trust Fund (CORN)
    Industry: Commodities
    Position: Long-side play
    Time Frame: 4-8 weeks
    Confidence Builder: 53.00
    Target: 60.00
    Negate Point: 42.00
    Notes: Look for more trading opportunities on ETFs moving forward, many of these vehicles have
    great trending behavior and they are much less reliant on the overall market direction. Additionally,
    you can trade them just like a stock in your regular account. Here’s a look at CORN, which has been
    consolidating for awhile now. If it can stay above 42.00, we’ll go long on a breakout at 53.00 with a
    target at 60.00.

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    • It's current at 48. You're talking about holding 42. That's a nearly 15% down from here. Who wants to jump into a stock before a 15% fall? Anyone? No? I didn't think so.

      Yes, after it tests 45 and 42, it might rise to 53. But there's no sense in holding this stock while it's still falling.

      Sentiment: Sell

18.22-0.34(-1.83%)Aug 26 4:00 PMEDT