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Forum - Wall Street Pit (Federal Agricultural Mortgage - AGM)    Stock Due Diligence for All

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From: asetrader (Rep: 6) reply to stocktrader22Date: 06/14/2009 17:28
Forum: Wall Street Pit - Msg #1669218 - List AGM msgs Thread #672653297 (Rec: 0)
Don't think you'll see much movement on index deletion because $55 million market cap, therefor weighting. Flag formation on the weekly chart near bottom of range also bullish falling wedge on intraday looks ready to pop. Close above $6 confirms breakout $5.17 is my stop loss. Re: AGM will soon be an excellent opportunity to load up again, already made mons...



Reply to stocktrader22 - Msg #1669199 - 06/14/2009 14:23

AGM will soon be an excellent opportunity to load up again, already made monster gains from around $2.80 average to the pop in the high $7's, has retraced since then and have been waiting to re-enter on sidelines. Getting delisted from Russell 2000 on June 26th...I'm thinking funds will be forced to liquidate some of their holdings based on this, should be a good buying opportunity after the delisting.

http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser asetrader: Reward | Watch | IgnoreAGM: Ignore

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