AgFeed Industries Stock is not Commodity Based!
I liquidated out of my Fertilizer after hearing about the commodity implosion. That's fine. I took some profit off that stock.
What isn't fine is losing thousands of dollars pretty much across the board in my portfolio.
One stock in question is (FEED). Since when is an "animal" a commodity? It's not.
Furthermore, the stock market doesn't price HOGS in China. Hogs are sold via Auctioning.
Investment communty screwed up on this one. They totally annihilated anything remotely agricultural regardless.
I am thinking FEED is going to rebound tomorrow when people figure out that when something goes *OINK* it is most definitely NOT a CROP!