I will not invest in the American Dairy Inc. (ADY) stock. In the last month, the price of this stock has decreased by around almost points ( it went from 21.75 to 19.95). When i looked back further into the ADY stock, I saw that this industry's stock has been on the decline for the last 6 months. It also seems that i am not the only one who has notice this. According to the article "SmarTrend Detects Continued Selling Pressure in Shares of American Dairy (ADY)" it seems that "SmarTrend identified a Downtrend for American Dairy". In the last six months ADY has not been doing too well, and as a result buying its stock would not be the most prudent or beneficial decision.
-Essowe Tchalim
Friday, April 16, 2010
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