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Pilgrim's Pride Corp. (CHX) Message Board

  • dr_jekel dr_jekel May 11, 1998 11:45 PM Flag

    2 trades account for 83% of volume

    quote.com
    13:12:03 10500@17
    13:11:53
    32000@17

    I am assuming these are buys considering the stock
    finished up.
    Sells of this sized blocks on volume of 50
    something thousand would have destroyed price. This is a
    buy signal something is likely going to happen. I
    learned a long time ago with stocks if
    you see smoke;
    there is fire.

    Remember it's just an ol ag
    teacher's opinion.

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    • Your head was in the right place. another strike price hit.. Hope your happy.

    • Check out the Aug15c and the Nov17.5c pretty good voulme
      I think something is up just waiting for the big pop!
      good luck to you.

    • You found the floor we all like to see. Thankx for the info. 20 by the end of summer is reality to me.

    • Finally found some data I had been looking for,
      thought i might
      share it with you. I am sure there
      are people reading this thread, wish you would state
      your opinion of this stock. If you have read my post
      you know I am extremly bullish. However, I share with
      you an ol aggies perception of what all this
      anal-ysis means. Anyway......

      Corn
      prices...

      US #2 5/14/98
      Kansas City $2.47-2.48

      5/15/97
      $2.82-2.84 per bushel

      Which means that
      feed cost should be running about 12-10 % below year
      ago costs. Cost/pound of chicken
      produced.

      Been watching the mid-west weather very closely, looks
      great so far this week. Second largest # of acres of
      corn planted. I predict that we will harvest 2.15 to
      2.25 corn this year.

      Soybeans,US #1 yellow
      5/14/98
      Kansas City 6.46-6.48
      5/15/97 8.62 per
      bushel

      This really should be soybean meal. But beans are 25%
      cheaper than a year ago.

      Please be aware that
      domestic chicken prices are down and the export business
      has slowed. But further processing is alive and

      kicking.( the industry likes to say "value added product".
      Which
      means breaded,cooked and frozen or a TV
      dinner.

      CHX should beat EPS estimates easily. I think it
      should beat
      1.40 EPS. But it realy should beat 1997
      EPS of 1.49 vs 1998 EPS
      estimate of 1.40. The 1.49
      only represents 6% more and we've been talking about a
      10-12 % decrease in feed cost.

      I hope chx isn't
      like Tyson's and holding a bunch of 2.68
      corn

      UNLESS YOU NEED THE MONEY FOR LIFE OR DEATH HOLD WHAT
      CHX YOU HAVE AND BUY MORE. BUY...BUY...BUY....