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Archer-Daniels-Midland Company Message Board

  • invest2654 invest2654 Apr 29, 2008 8:49 PM Flag

    Anyone catch the trade after hours of 63,000 shares at 47.20?

    Could have been pre arranged but still, seems odd, since its such a large trade almost $2.00 above the close. Will be over $50 in a month, patience. Could drop a little more, but stay the course on this one.

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    • at the bell a block of 63,900k shares went off at 45.54; about 28 minutes later a block of 63,600 went off at 47.20; almost all the other 262k posthours shares were traded in the 45s;
      bottom line is that there are elephants and funds crashing around the ag trade so logic doesnot apply; i think this is a buy and i nibbled today but it could go lower and be dragged down my other ag correction; after earnings were announced i was upset that i took most of my position off above 47 beforehand (just luck and profit taking)
      however, good earnings are still good

48.28-0.02(-0.04%)Apr 17 4:00 PMEDT