justinpeak
Long

I like a buy on COW at this level.

AMEX:COW   IPATH BLOOMBERG LIVESTOCK TOTAL RETURN SUB-INDEX ETN
24 0 1
I like a Buy on ETF COW. I would not use a stop as I buy with what I'm willing to risk, say 2% of my portfolio. No stop necessary, why a buy on this ETF because cow is made up of cattle and lean hogs             , both of which have been slaughtered in price as of the last couple years. When price of goods fall below cost of production producers go out of business. Supply and demand typically bring price back over a period of time.
Comment: Takes patience to watch long term trends. This trade is beginning to stretch its legs.
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