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Archer Daniels Midland Company Message Board

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  • beartooth777 beartooth777 Apr 29, 2008 10:07 PM Flag

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

    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

 
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