Monday, March 10, 2008

Bookkeeping: Beginning Starter Stake in FCStone Group (FCSX)

Posted by TraderMark at 2:49 PM TweetThis
I'll update this entry later as to why I am buying FCStone Group (FCSX) but in 2 weeks this stock has fallen from $50 to near its 200 day moving average of $38; roughly a quarter of it's value lost. I've been waiting patiently and am beginning with a 0.90% stake or about $9.6K to begin this position. This is an ancillary way to play the commodities boom.... Zachstocks.com has 2 excellent pieces here so I won't recreate the wheel - he basically outlined all the reasons I am interested [FCStone Article #1] and [FCStone Article #2]

More later.

Long FCStone Group in fund; no personal position

Posted by TraderMark at 2:49 PM

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