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Re: Financial ? about Ag. cos.
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Posted by Dave H (MI) on January 12, 2004 at 07:47:28 from (205.188.208.73):
In Reply to: Financial ? about Ag. cos. posted by Clint on January 11, 2004 at 19:06:01:
I am what you could call a "financial guy" and I have had my clients come up with some crazy ways of picking stocks but this...... I think there are some problems with the analysis here. First, I guess these are "AG" companies but both Case and especially Deere are heavy into lawn & garden. Second, while in the USA we are basing our economy on housing starts instead of bushels of wheat, other developing nations are not. This is important because these are now global companies and are not necessarily tied to US farms in the long run (depressing as that may be). Third, if you are really interested in buying into a company AND you are able to post on this forum, you have acess to the charts and quotes that most ISP's make available. Let us take Deere and AOL as our examples. On AOL you can pull a quote every 20 minutes and can chart the stock's historical performance going back years. For all the gloom and doom you may be hearing, Deere has been on a steady CLIMB for three years now and is relatively high right now.
Should you buy Deere? NO! Watch it and buy it during a low period. The charts can tell you what is low and what is high. Do you sell it if it goes into a slump...well, duh....of course not.
Indy made money on Deere because he sat on it. That is traditionally how you do it. Can't tell you how many clients I have with six figure stock losses from day trading. That's my opinion, for what it is worth. Now....could you send me your billing address? 8>) Dave the CPA
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