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$39.20 -3.67 (-8.56%)
10/10/2008 4:06 PM

Bunge Limited (BG)

CAPS Rating:
***

The Company, together with its subsidiaries, is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain.

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Avatar TMFSarahGen (99.84) Submitted: 7/02/08 4:25 PM : Underperform Start Price: $103.44 BG Score: 5.21

More soybeans were planted than expected - that's bearish for BG. Technical target down to 85. Plus ag stocks have only had bullish news, wait until there's one little bit of bearish news (like a resolution of the standoff between the govt and farmers in Argentina) - they'll take an even bigger hit.

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Avatar devoish (99.53) Submitted: 7/10/08 7:51 PM

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Good info, thanks. In two more weeks the usda will report what actually got planted. I think BG has interests in Argentina and a strike resolution would be a plus for BG.

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Avatar AnomaLee (99.54) Submitted: 7/11/08 12:13 PM

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U.S. Soybean-Surplus Estimate Reduced After Midwest Flooding Cuts Acreage:
http://www.bloomberg.com/apps/news?pid=20601012&sid=aqUT.zK3N.Vc&refer=commodities

Wrong soft commodity. This would've been accurate for corn, but I sold out of Bunge above $110 because I didn't think it would withstand the market selloff. I'm glad I did. This is a very cyclical stock. It's always attractive around $85 or under $90, but I might have to reduce that if the markets refuse to a short-term bounce

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Avatar AnomaLee (99.54) Submitted: 7/11/08 12:13 PM

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U.S. Soybean-Surplus Estimate Reduced After Midwest Flooding Cuts Acreage:
http://www.bloomberg.com/apps/news?pid=20601012&sid=aqUT.zK3N.Vc&refer=commodities

Wrong soft commodity. This would've been accurate for corn, but I sold out of Bunge above $110 because I didn't think it would withstand the market selloff. I'm glad I did. This is a very cyclical stock. It's always attractive around $85 or under $90, but I might have to reduce that if the markets refuse to a short-term bounce

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Avatar AnomaLee (99.54) Submitted: 7/11/08 12:13 PM

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U.S. Soybean-Surplus Estimate Reduced After Midwest Flooding Cuts Acreage:
http://www.bloomberg.com/apps/news?pid=20601012&sid=aqUT.zK3N.Vc&refer=commodities

Wrong soft commodity. This would've been accurate for corn, but I sold out of Bunge above $110 because I didn't think it would withstand the market selloff. I'm glad I did. This is a very cyclical stock. It's always attractive around $85 or under $90, but I might have to reduce that if the markets refuse to a short-term bounce

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Avatar AnomaLee (99.54) Submitted: 7/11/08 12:14 PM

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Sorry for the multiple posts...

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