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There's wild action in the cotton pits as well, with prices reversing an early limit up move to...

There's wild action in the cotton pits as well, with prices reversing an early limit up move to close nearly limit down, the March contract settling at $1.724. The cotton ETF (BAL -3.0%) only manages double its normal volume (through 2 PM).
Comments (1)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    That would be the massive short put on cotton. That's a squeeze im definitely going to play. Next up, rough rice, silver, and gold, and they're going to have to put the dollar short back on with a vengeance this time.
    3 Feb 2011, 02:55 PM Reply Like
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