Pupule says: Wait. At 109.42, Potash is above its 10-day SMA (107.88). It's run so high, so fast, I'm more inclined to see it dip near its 50-day SMA (93.32) before pulling the trigger.
Tuesday, October 16, 2007
Potash is smokin' hot
Potash is still cashing in on the global agricultural bonanza. I passed on POT months ago, thinking it was mostly an ethanol play. Well ... POT's fertilizer is in demand overseas, too, and I've missed the boat.
Pupule says: Wait. At 109.42, Potash is above its 10-day SMA (107.88). It's run so high, so fast, I'm more inclined to see it dip near its 50-day SMA (93.32) before pulling the trigger.
Pupule says: Wait. At 109.42, Potash is above its 10-day SMA (107.88). It's run so high, so fast, I'm more inclined to see it dip near its 50-day SMA (93.32) before pulling the trigger.
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