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Strategies & Market Trends : The picks

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To: p. webster who wrote (5141)	2/15/1997 1:18:00 AM
From: Trader X	of 6124

Good tip on the coffee freeze Webster <g>..... Cept I like the expensive $8/12oz stuff that would cost a fortune to stock the freezer with ....poor me... Back when I was trading grain futures, Coffee was just coming off the latest skyrocket... I told my broker I wanted to short sell some coffee contracts when they were around 140-145...and said further that they would be heading to 120 pretty quickly. He replied that he would not do that for me. Too dangerous, he said. And coffee could not possibly do THAT. Within a month coffee had fallen from 140 to 120, and I would have made about $75K per contract. I didnt send that broker any champaign for Christmas. <g> Kevin

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