Ok another down day for oil and its options expiration tomorrow, this creates price volatility and a rather large sell off in our fertilizer stocks and they put in what will hopefully be a last "bottom" before they move on up. Almost given all the gains back, we're now only 4700$ to the good.
On down days like this its best to sit tight, dont panic. I didnt sell any of the real life trades I have today. I believe in these companies and I believe there are much better days ahead.
To give you a visual idea of where we are with these fertilizer companies the chart below might help. You can see that we have fallen back from the recent high of 160$ We bought our 200 shares on the 3rd july for 126$ each. The stock price is now bouncing around in a "consolodation period" before it starts climbing again. You can see that history is repeating itself every couple of months. This company is growing rapidly, this one of the biggest companies who supply fertilizer where the supply is limited, as a result they are increasing prices and thus increasing profits. Thats why the chart continues to rise.
The red paint that I have professionally and skillfully added to the chart is what I am expecting to happen. If it doesn't do that then DD doesnt get any imaginary cash to go imaginary boozing with
Im pretty confident it will though, this company is a monster, as is POT, whose chart should be doing the same kind of rise. 180$ seems to be the price that me and many other bloggers are anticipating for this next leg up.
Disclaimer: All predictions above go down the toilet if any of the following happens.
War in Iran.
Oil prices fall drastically below 130$ per barrel
The wider market crashes.