placement should be the base ?, page-2

net placement price should be the base, maybe! The net placement price was 27.25c, after subtracting the value of the ½ option at the time.
See Post #941718 (07/03/06 ) for details.

The placement @ 36c was a headline number only.

Oversold at these levels?
- not so sure. More selling to be done the way I see it.
Could revisit 27.5-28.5c again.
All subject to Uncle Bob & Co releasing some real tangible news; like becoming a producer of the real Ag, not the normal airy-fairy stuff.
Is the market expecting more hold ups in Texas?
IMHO.