First commodities then oil energy stocks were hammered now pharma in a much less extent but still correction is for the whole sector. This seems to be contagious and spreading. And the Dowjones industrial is still up at record levels .What is pushing it up ? those sectors involved must be very overbought now...Thought Pharma was a saveheaven. No saveheavens except cash in this environment...imao.
Hi .Bottomfed ,Claprunner , all other long time yahoo friends.See you made a great rally with Teva. Unfortunatelly i did not have the patience to stay put. lol.
Could anyone update me why the whole sector is down today ? Got to be a straight forward answer but i just cant grab the picture.Best to all .
The reasons for the recovery short term are mainly the overselling ,the lack of new (bad) news ,the great valuation, the buyback program, the posible QE in EU. All is baked into the cake.Yep we could also have a positives surprises ,ea .greater eps than forecasted,greater recovery for soft commodities,(bottom reached) .Better Asian performance due to lower oil expenses and of course lower oil will increase interes in AGCO and other ag machinery companies.Think AGCO is a top player with very little leverage and doing great management decisions. imao.
By the way any hint of when will the next buyback program will start to take place ? we should be able to see some nice numbers for eps and that will raise new interest in the stock.
De going up by one plus percent ,it would be very weird if agco stays behind ,in fact beta factor should push agco higher than DE.
In the other hand dont think we well get to 45 today ,if it kisses the line would be great for a next push,but i dont think we will get there today....just a feeling.
Additional buyback program , rate onhold by the fed here at home,chinese rates slashed by 25 points ,quantitave easing in EU very likely , Short ratio high (good for a queeze rallie) so am i mising something ,why so much hesitation to go higher...lol ,this is funny ,what else does AGCO needs ,an activist investors ? lol