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Archer-Daniels-Midland Company Message Board

  • beartooth777 beartooth777 Apr 30, 2008 6:37 PM Flag

    think for yourselves

    dont get pushed around by gurus who in a single day declare the AG trade over or idiot banks who live for manipulation
    and bad calls; i agree that momo cant be ignored but ADM is in the sweet spot - they proved themselves with great earnings, they have a reasonable pe, they are well diversified in hot areas (food and fuel) and the chart is not bad; it is still in an ascending triangle with hi 41s
    a probable stop and a gap at 42.95ish; what is likely is that this will be driven down, people will bail and then some morning after they have accumulated you will see an upgrade and a 2 point gap; can anyone seriously think ethanol is going away - whether you agree with gov't meddling, farm lobby etc. or not, it is what it is. BTW, next week or so they should also announce the div which is not bad.

42.89+1.31(+3.15%)Jun 30 4:00 PMEDT