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Bunge Limited Message Board

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  • burnintoo burnintoo Oct 6, 2010 10:56 AM Flag

    This stock seems to be manipulated by the MM

    Argentina's government is very sketchy and very short of money. They put out economic statistics that are generally considered bogus, for instance the official inflation rate is about 8% vs 30% private estimates. They can't borrow internationally because they defaulted on their bonds 3 or 4 years ago. And less than a year ago they nationalized all private pensions into the government pension plan, where they now can borrow the money (think forced conversion of IRAs into social security). So Bunge's story that this is a shakedown rings true to me.

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92.50+0.47(+0.51%)Dec 26 4:00 PMEST

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