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September 21, 2007


Stock Du Jour (POT) & Random Observations

Nowhere chop for the first half of the day then some selling kicked in early afternoon and continued into the close.

Notable New Lows: Enterra (ENT), Cott (COT), Pantry (PTRY), Time Warner Cable (TWC), and Circuit City (CC).

Notable New Highs: Huge number and I don’t want to be too repetitive, so it’s hard to choose: Blue Nile (NILE), ABB (ABB), Kinross Gold (KGC), Barrick (ABX), Gold (GLD), Oil Service HOLDRS (OIH), Medtronic (MDT), Potash (POT), and AT&T (T).

Here’s a quarterly chart of Potash which gives you some long-term perspective. As commenter “yin” suggests, this is another good stock to add to your “agricultural plays” portfolio.

POT

This entry was posted on Friday, September 21st, 2007 at 8:50 am (utc+8) and is filed under Trading and Investing.

5 Responses to “Stock Du Jour (POT) & Random Observations”

  1. Kacy_in_LA said:
    September 21st, 2007 at 8:55 am

    Not complaining about the chart or anything, but where in the world would you buy at this point? Seems like the only entry is a “fundamentals are great going forward” blind jump.

  2. momojuicing said:
    September 21st, 2007 at 9:45 am

    No real place to buy — we need some kind of pullback on this little baby.

  3. momojuicing said:
    September 21st, 2007 at 9:46 am

    maybe pullback to 92 area…

  4. C. Maoxian said:
    September 21st, 2007 at 10:21 am

    Kacy & momo: Yeah, it has gone up more or less straight up above $30 so it’s not exactly easy to buy right now.

  5. Glenn said:
    September 21st, 2007 at 9:19 pm

    Break of 90.00 was a nice spot a few day ago, may not be a dummy setup but it’s a breakout on the daily.

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