DISCLAIMER: THERE IS A POSSIBILITY THAT I COULD BE WRONG.

Minneapolis Grain Exchange seats are cheap. Everyone should buy one...and then buy one for a friend.

Friday, January 28, 2011

Almost Out

Liquidated 80% of long MGEX intermarket positions today. If the MGEX market goes parabolic to the upside, it will look pretty dumb.
Also liquidated long March/short May MGEX--it looks to me like it will go to at least 80% of full carry; KC is already at 90%.
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