News Focus
News Focus
icon url

CSykes

12/23/09 11:00 PM

#19164 RE: StevenRisk #19163

I could only comment on trading it as I only "invest" in agriculture. Actually, I mostly trade just agriculture too.

But generally speaking, the chart looks very weak. Volume is kinda weak for a NAZcracker. In comparision, SIAF my little pinky, did more dollar volume today.

I would need to see two things, a definite solid break of the 50 day around $2.81, or you could use a standard trend line.

Confirmation for me would be heavy volume on the break out. But that is key.. it HAS TO BE heavy volume. No pussy breakout.

Once break is confirmed I would consider my first entry on the first pull back.

That is how I would look at SUTR.. if it fit my strategy, but currently it is not even in my watch list (most likely due to the weak volume).

This strategy sometimes doesn't work for me (example CNOA recently) but I feel a break must be followed by sustained heavy volume (example SIAF) in order to sustain any rally. CNOA sorta just recently eased through the breakout and volume came late.

I trade in large blocks, for a few pennies, so I must have liquidity.. at least $1M a day. My trading pattern would probably have to much effect on SUTR's market.. so that is another reason why I don't like it as is.

As for the business.. I have no idea what they even do. I just need to look at the chart to tell me what the market thinks..

My opinion.. the market is skeptical..