POT - Is There Anything Better?
Of course I’m talking about Potash Corp of Saskatchwan, Inc (NYSE: POT), the fertilizer and industrial feed company. It’s in the Basic Materials sector and Nonmetallic Mineral Mining Industry. It’s close enough related to MON which I have a position in that I won’t be trading any more Basic Materials companies for a little while to stay diversified better.
Anyway, I read about POT in Barron’s this weekend and have seen it mentioned elsewhere recently (hopefully it’s not overhyped already). Cramer even screamed about it last night. The premiums are big, even well out of the money (OTM). I charted it after reading the favorable fundamentals story and thought it would drop some before launching another big run north. It went up as high as $161.50 before tumbling all the way down to $152.86 a few hours later. That dip around 2:10 is when my order hit, when POT was trading at $153.38 I sold […]
Original post by Alex Fotopoulos