RECAP 

I've been recommending buying puts and selling futures in the dec cocoa since 2950 price level. In my opinion we're going to see an extended selloff to 2250. Below are a few of the reasons why. *look for our commentators every Monday and Thursday on CNBC Morning Call 8:30ET* here on inside futures, dowjonesnewwires, and bloomberg.com Michael Maniatis Market Strategist Lasalle Futures Group 888-325-9300 mmaniatis@lasallefuturesgroup.com http://www.timemeansmoney.com/ You can call or email me to discuss further different market opportunities.

Michael Maniatis
Market Strategist
Lasalle Futures Group
888-325-9300
mmaniatis@lasallefuturesgroup.com
http://www.timemeansmoney.com/

Cocoa broke April lows today at 2250. I am taking profits on the dec 2200 puts I bought on 09/04/08 at 35 now offsetting at 100. I would look for an up day to initiate new positions in short futures or 1800 put options out into next year for $500 or better. For further trading strategies give me a call or email. FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS, AND IS NOT SUITABLE FOR ALL INVESTORS OR TRADERS. YOU CAN LOSE MONEY. CHART IS COURTESY OF BARCHART.COM look back at previous cocoa trade recommendations I have made on insidefutures.