Anyone got holdings in Archer Daniels Midland Company - ADM? Reported to have gone up 87% since January.
As a big ethanol production company, does this meant the real winners in the rise in commodities isn't the big oil giants as much as the smaller petroleum derivaties companies?
That's a great point PALM. This stock has slowly and surely been climbing over the last year. It was 20 in 'July 05 and is now 44. It's probably a good idea to look into petroleum derivatives and other sources of energy type companies. That's why I'm into mutual funds. I have to assume some of the professionals already knew this. I'm going to check mine out.
I guess you weren't the only one who noticed this stock Palm - It lost over 2% of it's market value in today's trading. Profit taking probably.
It's back up the 2% it lost yesterday. I have a feeling inexperienced investors reacted to the news of the stock being up 87% for the year. Then they went in and chased it and experienced investors sold and then the herd got out and the experienced investors bought their shares back. This is all speculation on my part. But having been an experienced day trader back in the dot.com boom, this was a common occurence.
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