Agro Sector Ideas

[gfp927z]

>> LAND <<

It could get a near term bounce, but chart-wise it might still be too early to call this the definitive bottom. Just a guess though. Based on the chart, it might finally form a bottom in the 12.5 - 15 support range, but a lot depends on the company's news flow, plus the direction of the broader stock market. I haven't followed the stock much in a year or two, so not sure what's going on with them It was a great ride going up, but sure glad I took the easy profits and ran, lol. I figured it might be a good long term buy/hold, and in theory farmland seems like a great diversification tool, but the stock became a momentum rocket ship, and those can come back down to earth hard.

A similar chart is Generac (GNRC), the portable generator company. That looks more convincing that a bottom may be in. It was another great rocket ship a few years ago. I've been tempted to get back in, and the chart finally looks like the bottom 'might' be in.

I follow a bunch of these turnaround type stocks on the 'Contrarian Value' board (link below), though a lot of these had smaller declines and have already rebounded, and might now be ready to consolidate before resuming their recovery.

Contrarian Value -

https://investorshub.advfn.com/Contrarian-Value-Ideas-30183


Fwiw, after having dozens of individual stocks ($500 each), not long ago I reduced the stock allocation in half, from 30% range to 15%, and moved it into the S+P 500 in case a 'fast exit' is required later in the year. I'm figuring we get a decent rally after the debt ceiling issue is resolved (though maybe a drop before then), and then a broader summer rally. But the Fall still looks uncertain, so will have to play it by ear. I'm trying to keep 10-15% invested long term (Core), and then have a 5, 10, or 15% portion as 'flexible', but the strategy is still a 'work in progress'. The temptation is to just sit and collect the safe 5% from $ markets and T-Bills, but the stock market won't stay in limbo forever :o)




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