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EnigmaDude (94.68)

FEED for thought

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November 24, 2009 – Comments (2) | RELATED TICKERS: FEEDQ , SEED

AgFeed has been tearing it up lately and I can't find any news specifically related to this stock.  Is this a reaction to the recent news about SEED?

AgFeed Industries (FEED) appears to be trading at a higher than usual volume today and is now at $5.30, up $0.42 (8.6%) on volume of 5,341,884 shares traded. For the last 30 days FEED has traded 1,110,013 shares on average each day. So far today's volume is 381.25% above that average volume. Over the last 52 weeks the stock has ranged from a low of $.90 to a high of $7.96. AgFeed Industries stock has been showing support around $4.19 and resistance in the $5.49 range.

I own a few shares so this looks like good news.  Anyone have any insights regarding the recent runup?

2 Comments – Post Your Own

#1) On November 24, 2009 at 11:56 AM, catoismymotor (40.16) wrote:

I believe the news has to do with Chinese gov't finally allowing the sale and planting of bioengineered seeds. The news has had a similar effect on SEED. I sold all my shares of FEED last month.

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#2) On November 24, 2009 at 12:07 PM, topsecret09 (34.65) wrote:

  Catchy blog title,well done...    I have followed FEED for quite some time.   Pitch by: topsecret09 7/08/09 2:34 PMReply | Report this postChinese ag stock. Makes feed for livestock,and owns 29 hog farms..... Company Is profitable has very little debt,and should earn about 50 cents a share next year. Not much downside risk at these price levels.    Actually their earnings estimate has ben bumped up to 59 cents concensus...  Green thumb/ green dollar special........   TS

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