Thanks to the knockout numbers from [[MON]], the agriculture sector is on fire, with gains in [[AGU]], [[VMI]], [[AG]], [[SYT]], [[TNH]], [[POT]], [[LNN]], [[ARTW]], [[CNH]], [[CF]] and my favorite ag etf [[MOO]].
Basically, the ag sector, along with gold/silver, oil and solar, has become the de facto momentum sector or safe haven for the bulls.
Unfortunately, many in the sector have run up too much and have poor risk/reward ratios, with the exception of VMI.
Compared to its chief rival, LNN, VMI is at least 20% cheap. I’d buy the stock with both hands, under $92.
Also, CF looks like it may run to $130+, based upon fundamentals of course.
As you know, using technical analysis is an excellent way to pretend to be smart, with regards to investments.
If you enjoy the content at iBankCoin, please follow us on Twitter
VMI is a puzzling stock. They blew out numbers big time last Q, as I am sure you know. The stock promptly went into the 70s and i dont think its been as high as before the Q results since.
I’m not sure about that one anymore…
Nice, appropriate title.
I’m in MOS at 84 and POT at 114. Bought MON just before Christmas at 108 and change. Good for me.
I like this farmer stuff, but will eventually get taken down like everything else.
I couldn’t decide which ag stock to get into so I just went with MOO at 52. Nice call Fly.
Good choice.
MOO has an incredible chart!
In MOO at $45… was real tempted to load up due to the diversification. Held off and just took a prudently sized position… been kicking myself since.
That and DBA, really good long-term, core holdings.
TNH is up like 40% in two weeks. I thought it was due to end of the year markups, yet it continues to rip. Amazing.
Is this a blow off top?
Why anybody considering BG ? Its my favourite.
I live in a soybean dependant country.
I do own cropland(fortunately or not).
Regards from the bottom the world