I have been quite busy at work this morning and forgot to watch ADM. By the time I remember the stock its already down big. I was about to just let it go but I can't ignore the heavy volume so I decided to sell short 50 shares half of my intended size at $23.93. There is a big possibility of a continued slide tomorrow given the present price action. Looking at the ADM chart if the price goes $25.03 I'm out.
Tuesday, May 5, 2009
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