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


www.passivestor.com
Algokid PRO
4 years ago
corn vs SAFM , picture is worth a 1000 words  
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timwest PRO
4 years ago
Nice going Algo kid!
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Algokid PRO timwest
4 years ago
:) thanks Tim
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Algokid PRO
4 years ago
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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timwest PRO
4 years ago
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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Algokid PRO timwest
4 years ago
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
4 years ago
Thank you Chart trader
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Algokid PRO
4 years ago
locking some profit. Putting a STP @ 41.27
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Algokid PRO
4 years ago
up 19.74 % on this trade, very happy about it.
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Algokid PRO
4 years ago
moving stop to 42.83
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mrd2015
4 years ago
Great play!
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Algokid PRO mrd2015
4 years ago
Thanks for the feedback :)
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Algokid PRO
4 years ago
moving Stop to $44.01
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Algokid PRO
4 years ago
stop hit @ 44.01, trade is close with a 18.75% profit.
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