i guess market manipulations from the big boys/girls, biib up 3%, amgn, jnj, abt, down, but not down 4%..interesting enough
The markets at one pt also were at breaking even or positive, for the last half an hour or so, sellers came in and push the markets down. not sure it's window dressing/booking profits/last trading day for the quarter/etc...
markets are up fr tuesday, abbv practically flat, down 2 days in a row, has been in a trading range for some time since it got sold-off around $47/$48 level...i bought some on monday, should have sold it on tuesday or wed morning and buy it back again
down 8 weeks in a roll, the last time agu dropped like that was the beginning of 2004, from Jan to end of May.
thanks to the media, every "headline" is saying sell in may, market correction is coming, europe problems, greece round 4, spain round 3, italy round 2, china slow down round 3, stories never end, but we need food to survive.
farmers need seeds to grow
crops need nutrients to grow
farm-able lands are shrinking
so, without food, we cannot enjoy anything else, no matter what.
so why the stock is down, who knows, may be jana is getting out, may be some large dealers decide to short the stock (sell side), may be...etc etc
with attractive valuation, agu is a great buy (pe 17), i am hoping jana will team up with some hedge fund buddies for a round 2 fight (just a guess)
just imagine if agu is trading @ pot's pe = $160, 160-90 = 78% return == SWEET !
as i saw what happened to CP Rail's share price after ackman's proxy win, 72% return in a matter of 8 month, (122-72), i sold mine early, but i still made a double digit return, thanks to ackman
i am sure jana sees values in agu and wants a double digit return similar to that of cp share price.
canadian ceos are traditionally slow to accepting and implementing new ideas they are stubbornly careful), i hope that jana will fight again, expand the pe and pocket the return.
Sentiment: Strong Buy
how low will STZ go??? I am thinking most sellers are locking in profits or sell first and ask questions later, as the short % is low. i hope it will bouce off 200 day MA
any experts out there can provide some comments would be appreciated
what's the deal with msft???
is it a deal to buy some...since it's trading under 500 sma for the last 2 days or will the gap be filled at $25.47 ish??? anyone.
up a bit and down all the way till march 06/09 - the best ever "buy point"...i am still hoping for $35.5 or lower
sometimes i am amazed that food companies like mdlz - cookies/chocolate = food would drop 2% for what reasons...
does that mean when the economy goes down, people have no money to buy food???
i can understand people will drive less, but people may not eat less.
nasdaq up 1.3%, apple up 0.3%....i c there are lots of seller "dumping hard" whenever it goes pass $600, may be another doji day?
goog, emc, msft, even ibm's price actions are doing well, same as banks...bac, jpm, gs
i shorted the oct 600 puts and was hoping to get assigned...i will collect my premium for sure...now i may have to close out my options and buy stocks...should i short the Nov 630 puts (given the volatility will collapse tomorrow)
if one can catch the intraday move like daily for the past week would have made a killing. looks like a good sign as it closes above 100 day ema, not sure is it because of the news coming out in the late hour or short coverings, vol was decent.