At least thinking about taking part of the profit off the table. I have no position in ADM, but I will start short it when the frenzy fades away, probably tomorrow.
Today's ADM only reminds me what happened to AMD, AMD at $42 I was the only short that bashed the AMD YHOO board, that board was as ebulliently bullish as today's ADM board, almost no "sell" sentiment, I asked them, considering the well-established existing technology market, why all of a sudden, AMD, a company has been there for 20 years, was going to take substantial market share from Intel? My post was buried in numerous berating and mocking responses, today AMD was $33.27, I covered my shorts at $35, ironoically, AMD's earning was pretty good, what drove its shares down was people found AMD was not taking market share from Intel any more....
I have a similar question to you, we used to see oil at $90, why all of a sudden,and until now, we came up the idea to make methoal the substitue of oil? this only reminds me the accounting scandal when Nasdaq at 1100, all of a sudden, the integrity of coporate america
became dubious, everybody konws it they had been doing corrupt things long before the accounting scandals, why did it suddenly become an issue? I am a contrarian investor, the arising of these things only indicates the contrary, it may not happen right away, it will happen sooner or later...
Crude oil tumbled $2 today, be prepared for a $5-10 drop next monday when UN meets for Iran, Iran might declare temporary( whatever the verbiage) suspension of its nuclear program minutes before the meeting.
Crude oil rally started from $60 on speculation of geo-political tensions, at $75, why don't U think about take some off the table?????
I posted the following in SUNW's board when it was $5.30: http://finance.messages.yahoo.com/bbs?.mm=FN&board=4686929&tid=sunw&sid=4686929&
action=m&mid=807852, just trying to give you some reference in case.
You have convinced yourself of this haven't you? Too bad. ADM may pull back a little
and some shorts will make $ but longs will
get the best of this market
ADM is not AMD I own both AMD at
$ 31.00 on 4/18 AMD is taking market share
why do you think intc is scrambling
Next ADM is the market leader and the analysis about ethanol and oil is so much
crap with the new standards refining cos
will have to start blending ethanol and
and ADM did not get any of that last qtr
If the price of oil goes down more gas will
be consumed and therefore more ethanol
"Iran might declare temporary( whatever the verbiage) suspension of its nuclear program minutes before the meeting."
Yeah right, and risk losing all credibility with their own people? Only the Saudis can bring the prices down, and that will take some time. Why don't you go short somewhere else for a while?
Put this in you computer.
The dollar is dropping so crude is cheaper for everyone else.
Corn is cheap ethanol is high.
Adm makes a billion gallons. they are the low cost producer. Mtbe is fazed out. Adm is making big money on other segmants of their company.
The stock is far from overpriced. I am not a day trader. I am long term.
Would it be in Irans interest to play ball? No way in hell they love the price of oil all jacked up. The UN is going to save the day?
I am suprised you dont want to send Jimmy Carter over there. LMAO