The Risk of Managing Risk

I suspended all the wheat stops this morning.  There were a lot of $4.90 stops sitting there and with the market about to open this morning near $4.92, I fear there is a good possibility that there could be a big order to push wheat down to sweep the stops.  This happens all the time any more.  I will get the stops put back on once this passes, but unless you let me know otherwise you do NOT have a wheat stop. 

Here is why I am comfortable with no stops:

1.  Maybe only 5 cents from here from triggering a CCI Buy signal.  I would hate to lose our position now this close to a buy signal.

2:  RSI readings oversold

3 and 4.  Weekly readings oversold. and price at the 200 week moving average which should be support.  Price rebounds from these levels virtually every time.

I just don't see a lot of downside here but do think there is a very real risk of being knocked out at the open.  You are out of your wheat stops unless you tell me otherwise.