ADM has broken down technically, staggering from a "cleanup" job on their earnings, high corn prices, untimely inside trading and increased short selling. What isn't be brought forward is the outstanding fundamentals of the company, a perfect track record and improving economy of which ADM stands to capitalized on most. Expect a tight trading range for a month or so followed by a day thereafter where a 20% increase is likely. Patience and adding shares with days like today are a blessing in the long run.
Never buy a stock like ADM when this stock goes down while the whole market like the DOW goes over 200 points. Everyone happy except ADM stockholders. Buy whenever the price of ethanol goes above $2.00 a gallon. Maybe?
It would seem counterintuitive but adm made a significant acquistion last quarter, so it was growing while earnings were suffering. It might suggest long term confidence in adm. I wonder if vt .to is a takeover target? would give adm even more of a monompoly on North American grain handling, but perhaps it would be denied. I still see adm as oversold. One poor quarter means almost nothing, especially with such volatile commodity prices, and ethanol/crude oil prices. I think one might get adm at a really good bargain before next earnings report whick is likely much better. jmho.