Algokid
Long

Sanderson Farm - Corn play

BATS:SAFM   SANDERSON FARMS INC
322 18 2
SAFM             got hit hard with the current high corn             price this summer. The stock has a negative Correlation of -85 % with CORN             / CORN             futures . Since I'm bearish on CORN             prices now. I believe this stock will benefit from lower price. Enterering a Long postion @ 37.06, with stop @ 34.50.

CORN             Short play here :
CORN


corn vs SAFM , picture is worth a 1000 words  
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Nice going Algo kid!
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:) thanks Tim
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Hmmm !! so far the SAFM long is going well, can't the same about the CORN play. the negative correlation between the two is now 95 % . We 'll give a few more days
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Great trade no matter how you slice it. Deeply oversold entry. Defining low risk trades is what success is all about. Sometimes trades work for the reasons we surmise and other times they just work. Nice going.
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Thank you for the feedback Tim ! :)
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Well done Algo! Unfortunately i did not make this trade. Keep posting.
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Algokid PRO charttrader
Thank you Chart trader
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locking some profit. Putting a STP @ 41.27
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up 19.74 % on this trade, very happy about it.
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moving stop to 42.83
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Great play!
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Thanks for the feedback :)
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moving Stop to $44.01
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stop hit @ 44.01, trade is close with a 18.75% profit.
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