| Ok, ferts have had the crap beaten out of them today, now trading at lower prices than when I originaly bought them for this exercise. The reason for this is that people are "selling into earnings", POT company reports earnings tomorrow, the report will be good I think but the uncertainty in the market means lots of people sell just before the report and wait to see the market reaction and then wither buy back in or stay out. Its a little bit irrational but does present oppourtunities to the folks that believe the long term story for these companies to pick up some stocks at a discount. For example, I sold 200 POT shares this morning for $212.50 each. I could buy them back right now for 198.33$ a piece, in fact i think I will take some at this price level.
BUY POT 200 at 198.40$
BUY MOS 200 at 121.15$
BUY MON 200 at 110.87$ |