Long Trade: Potash (POT) Stock
Posted on October 10th, 2007 in Long Trade | 1 Comment »
Potash (POT) is a stock in the fertilizer business that I follow along with Mosaic Co (MOS) which announced very good earnings last night. I am entered into POT this morning at $110.5 as the volume as very strong in the morning. We closed the end of the day easily pushing past the last swing on 10/2 on 4.8MM shares versus today at 5.8MM. The stock is over extended from where I normally enter into positions but the overall sector is strong.
My first target price is $141.


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