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i enjoy their magic. it is good for everyone.
be careful if youthink they downgraded without careful consideration ..you're dreaming..This is a bubble waiting to burst...just give it time..could be as early as weds ...as late as next week.
didn't they downgrade ADM just before the last big run from around 24 around this time last year?
in case you didnt hear loser,PRU is the absolute worst house on the street,so go ahead and short some more I LOVE TAKING YOUR MONEY
>>>This is a bubble waiting to burst...just give it time..<<<Undoubtedly there will be corrections to ADM's share price. Right now there is a good deal of 'exuberance' in the Ethanol industry.I visited the PEIX board today. Unbelievable how it has become infested with daytraders who are ot above saying any goddamn stupid thing they want about Ethanol. What a joke it is over there.PEIX is definitely a bubble about to burst.However, for the long term, ethanol is for real, and ADM is the largest producer with the deepest pockets.I'm a huge believer in ethanol and this is the only company I trust to do it right. I wouldn't be surprised if they begin acquiring other distilleries.
They downgraded ADM and remain their target of 42 if I'm not mistaking. ADM already exceeded their 12 month target of 42 could be a valuation issue.