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Archer-Daniels-Midland Co V.ADM


Primary Symbol: ADM

Archer-Daniels-Midland Company is a human and animal nutrition company. The Company is an agricultural supply chain manager and processor. It operates through three business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals. The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Nutrition segment is engaged in the manufacturing, sale, and distribution of a range of ingredients and solutions, including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients.


NYSE:ADM - Post by User

Post by smilleyon Mar 25, 2009 9:07pm
502 Views
Post# 15871369

New Position

New PositionI took a small position today in ADM at $1.70.  I was looking to park some money from another pm share sale and ADM had the lowest percentage rise of all the stocks on my watchlist today so I took the plunge.  I generally scale into a core position and daytrade around it.  I'm not up on all the company news, but I understand they have a substantial resource and are infill drilling to convert proven & probable to m&i.  Also high on merger and aquisition lists.  I like these relatively illiquid junior gold plays because it tends to put smaller traders like myself on an equal footing with the big players.  I'll be buying on any pullbacks to build my position, unless we see a quick pop, then I'll be out until a pullback.  I don't expect to see a quick pop (15-20%), but think we may see a trending move in all the pm shares forming.  Goodluck ADMers!!!
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