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Archer-Daniels-Midland Company Message Board

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  • manylumen manylumen Feb 9, 2009 4:47 PM Flag

    sector up again today

    I could understand some profit taking if one has a better idea or use for the capital, but having a core amount of adm still makes sense. Profit taking might be done by those who get too much weight in adm and want to keep only a certain % of their holdings. As for $32.50 before the last week in Feb it could happen. I still see the $34.00 target for 2009 as being quite likely, and if the economy recovers in 2009 then even $40.00, but that is less likely.
    Trouble is adm seems to be taken down by the general market even though it has been outperfoming in earnings. at some point in time the market will see the sustained good earnings and flock to adm.

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