Ipath Dj-Ubs Coffee Subindex (JO) I JUST POSTED
Post# of 63704
Ipath Dj-Ubs Coffee Subindex (JO)
I JUST POSTED THIS AT BIG BOARD PRIME, BUT IS A STOCK FOR "COFFEE SHOPPE" IS IT NOT, LOL.
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I bought JO near the close. It is tied to the commodity coffee. I believe the sell off has been over done and coffee supplies are not significantly different from last year enough to cause the drop. Cocoa is different, for example, as Nestle and Cargill are rapidly developing Cocoa fields in Africa. The kicker is the commodity had a little lower bottom a couple of weeks ago, yet JO kept going down. I call this positive divergence and often a sign of a bottom.
http://www.finviz.com/futures_charts.ashx?t=KC
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...2734062421
My posted stocks
GSS-- 11/21/12 $1.66 11/28 $1.83
RIBT 11/23/12 $.063 11/28 $.065
HSH 11/23/12 $27.37 11/28 $27.82
RMCF 11/23/12 $10.28 11/28 $10.31
JO 11/28/12 $34.85 new today at the close