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Potash, Mosaic Are Looking Fertile

 Apr 28, 2008 09:51 AM UTC
Return Risk
-23.79% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
POT Positive 04/28/08 -43.84% --
MOS Positive 04/28/08 -56.41% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Potash (POT) reported a blow-out quarter last week, beating estimates
by a mile. Earnings tripled over last year and they also raised
guidance. The stock has pulled back from a recent high of around $215
to $195 simply because it had run up over 100% since Jan 22nd of this
year. <!--more-->The company upped their guidance and it doesn't look like demand
is waning. I believe this weakness is a good reason to buy some Potash,
although I wouldn't be surprised if the stock pulls down to the $175
mark, where you should consider buying more.


Similarly,
Mosaic (MOS) has seen tremendous growth in their business and the
stock, which was at $60 in November of last year, is down from a recent
high of around $140 and trading today in the low $120's. This 11%
decline is a great opportunity to open a position and buy if it dips
down to the $110-$115 mark.


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