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Tuesday, June 10, 2008

Ball of Confusion

Sold ADM at a loss. I think that everyone is so down on ethanol that they just sold without thinking. While ignoring the fact that ADM does other things as well.

Well, not just that... perhaps it is like what's happening with Tyson's and the rising cost of chickens. Perhaps more value at the start of the line instead of near the end? I don't know.

Been thinking that I need to sell IYE. Hearing noises that there will be a massive pullback. Not at all sure.

GLD may or may not have hit the bottom of its pullback. I was planing to hop on at around $80, but I'm getting mixed signals on direction.