Volume was high but the price range was very tight. In the old days (prior to decimalization) it barely did a 1/8th spread. That tells me that those in the know are using investor panic to accumulate shares.
ADM represents a great value, their businesses are not going away, they are going to make approximately $1 per share this year. The stock is really really cheap -
The company has emerged from a couple of tough years - MTBE is dead - the greens will demand oxygen in gasoline and it will be ethanol; however ethanol profits are not factored into ADM at all - Based on earnings power ADM is easily a decent value up to 25-30$ per share based on their core businesses alone; Ethanol is just very thick icing on the cake
This stock ladies and gentlemen is one of the cheapest on the market (P/S ~1/4)