Is $2.85 the high for 2012?
posted on
Mar 08, 2012 01:49PM
Is $2.85 the high for 2012?
I was asking myself this question as I drank my coffee this morning. My concern is that when news comes out the number may not impress the market and we will be taken all the way down to $1 level. The news is late and late means that it will not be good. The shorts have not covered because they know what’s on the table are waiting for the best opportunity. If this scenario does transpire we may be looking at a long road before we see $2.85 again. I need to change to a different brand of coffee ...
rosehill