Yes, Sanderson Farms Inc. (NASDAQ:SAFM) was not only fried, but deep fried in less than a month ago. The chicken farm's stock went down to $19.93 on March 15, 2006 but it has since bounced back to $27 level.
As I had said before, Spring has come, Summer will come and the flu (chicken flu included) season will be over very very soon. What will you do after the media stop talking about "H5N1" everyday? EAT MOR CHIKIN!
That's the reasons that I bought the stocks and call options. Today we saw a big short squeeze on the stock and we probably will see this kind of squeeze more as the Summer is coming. I was in China (Beijing exactly) when the SARS epidemic broke out but now three years later, most people even can't remember what SARS means.
SAFM Last Two Months