Agria Corporation (NYSE: GRO) has a “Skyrocket on its Hands” and the question is, when it’s done blazing upward, can it hold a higher valuation and make the valuation gains a stable, permanent reality. The stock has had a couple of big spikes this year, one it held, and the other given back to this month’s broad market sell-off.

At the beginning of this month, the shares were trading in the $1 range, dropped to as low as $0.62, a loss of 38%, and has since taken off; trading today in the $1.04 range, a gain of 67%; a “Wash” essentially from the August sell-off.

The Agria Corporation (NYSE: GRO) fuel for the sky rocket wasn’t anything as boring as a new China farm subsidy, but a big internal shake up in corporate structure with the ousting of Board members and a new Board of Directors being formed.

There’s a new independent Chairman of the Audit Committee and the Compensation Committee and Agria Corporation (NYSE: GRO) said the new board line up was designed around its new mission to focus on Company strategy and communication. Good.

Myself, I like board shake ups and think it best when they can, and sometimes do, include minor shareholder representatives. It serves: objectivity if nothing else.

While the Company does sell corn seeds and other seedlings, its primary holdings include approximately 28,600 acres of farmland and approximately 5,705 sheep and 1,576 goats. Putting one of the Company’s “In the Field Farmers" on the board might not hurt. Agria Corporation (NYSE: GRO) has virtually no short sellers to apply downward pressure and that bodes well for sustaining its skyrocket apex.

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.