Why only a .04 range on 100 pt day??

Discussion in 'Trading' started by ryoubetteroff, May 2, 2003.

  1. When a stock has a beta that is less than one, it is supposed to move less in price than the market in general. For example, a stock with a beta of 0.80 would be expected to ...........blah blah blah blah blah blah

    OK I know all this but can anyone explain why ADM only traded in a .04 range today? (5/2/03)
  2. probably the crooked, thieving specialist.
  3. price-fixing???
    :D :D :D
  4. WinSum


    Perhaps the ADM Specialist is Net Short and it would not be to his benefit if the stock moved higher before he can cover his position.

    They don't teach you this in Finance 101 CAPM theory.

    :cool: :D
  5. Noticed huge volume on the offer but much smaller bid size …………

    I guess what I would like to know; Is this some warning of the direction that I should be aware of ?
  6. the beta is just the average move. it doesnt have to move that much every day.
  7. prox


    Well, market goes up.. this stock flatlines. Might suggest weakness and when the market goes down, this stock goes down harder.

    Or it could be one of those stocks that don't follow the market at all. I never even heard of ADM til this thread, so I wouldn't know.
  8. From The Buying of the President (1996): "In 1988, 249 individuals each gave at least $100,000, achieving a total of $25 million, to help elect George Bush president. By giving that much, they became members of "Team 100" and not only had personal access to Bush and other members of the Bush administration, but many of them -- from real estate and construction to finance, from manufacturing to agribusiness to oil and gas interests -- received special favors during the Bush presidency. . . .

    The many quid pro quo relationships have been well documented by Common Cause magazine and others. The two largest donors were Archer-Daniels-Midland (ADM) and its chairman, Dwayne Andreas, who gave $1,072,000 and Atlantic Richfield (Arco) and its chairman, Lodwrick Cook, who contributed $862,360. Both companies made or saved hundreds of millions of dollars from their well-placed Washington investments