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AGFEED INDUSTRIES Message Board

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  • lewisz88 lewisz88 May 23, 2010 10:44 PM Flag

    Measuring Gap Target Achieved

    Good analysis.

    I noticed Chinese stock market is soaring with heavy volume, possibly due to very attractive valuation and Geithner/‘Uncle’ Wang's talk. Would expect a reaction in Chinese stocks tomorrow morning, esp. for the hardly hit Agri names, including FEED, GRO. CGA already led a rally Fri; Auto part sector is another example.

    Will open limited position for a rally towards bookvalue (or revenue), FEED could be tasty...

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    • No suprise, Chinese agri stocks (SEED, FEED,..) reacted to Chinese stock market surge last night which maybe a major indicator of resersal, attrative valuation is definitely an excuse to push Chinese stocks higher, strong money has entered these names, FEED to backvalue first...

 
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