Wednesday, June 25, 2008

AGCO is trading at $50.70

AG is down about $3.50 since I've gotten bullish on it. Still am.

The Nov 55 Calls are down $2.00 to $5.30- not bad. Scale in and sell the NOV 55 again.

I see no reason to state that this is a trend reversal instead of just a pullback.

Here is an interview with the CEO. He doesn't see anything slowing down anytime soon.

http://www.thestreet.com/_yahoo/video/strategysession/10422424.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA#10422424

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