Downside vs upsideSure this could go lower but at some point the market will change to neutral and positive sentiment.
Stocks don’t stay down forever especially when they have a level of transparent and intrinsic value.
Agra will rebound hard.
Maybe not tomorrow or even next month, but there is a tipping point even in reverse whereby a good story intersects with strong investor demand.
The current market environment is cringeworthy but not necessarily all doom and despair.
At some point I expect to see boom and repair.
AGRA is still a relatively fresh canvas waiting for the paint by numbers.
Many companies have already shown canvasses marred by tar and feathers and weak epoxy.
This story has yet to really begin and this current entry is nothing less than opportunistic.
I’m long this stock and I believe the upside trumps the downside by a big margin.
However, to each his own.
I can only govern my own actions.