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Pastimes : JAVC - Java Centrale

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To: Marcus Gasser who wrote (106)4/16/1997 7:57:00 PM
From: Randy Parsley   of 279
 
To all: I've just been a lurker but am long in JAVC. Couldn't believe this drop in price. Ther is a story on Yahoo about the extreme run up in coffee prices today. Sorry, I don't know how to post the bookmark.

The jist is that news came out last night about how coffee stockpiles in U.S. were not only low but looked like now they are going to be even lower than expected. This follows on the heels of the recent run up in prices. To cap it off, there is news of an impending dock workers strike in one of the main exporting ports in Brazil and a trucker's strike in Columbia which should both have an impact on ever increasing coffee prices. This was a key lead story in Yahoo under the title "Blue Chips Extend Rally; Coffee Prices Soar"

The timing is so perfect that it seems this must be what caused a sell-off. The SEC filing is maybe just a coincidence? Either way, the bad news about coffee prices/supplies is sure to have a damping effect, but boy today was a real eye opener for this stock.

Thanks for everyone's efforts, I enjoy reading your posts.
R. Parsley
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