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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (62086)	6/3/2019 7:14:38 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78554

Bought some more CVTA below $35. This one became cheaper than I thought. DD is up almost 20%, with a massive $3 jump at high volumes towards the end. My guess is that some index funds were selling CVTA and buying more DD or similar. index funds often buy before the close and they don’t tend to care too much about price. I sold some DD and bought more CVTA at the close. As I expected, DD is nie compared with MMM, which I think makes sense. The only issue is that with today’s 20% jump, it’s really not much cheaper any more. That said, it seemed like CVTA walked back guidance a bit due to the wet spring season delaying seeding/planting season. In any case, this wet spring would be a one off event, not a permanent impairment.