Thursday, June 17, 2010

Time to buy some POT?

I think its time to buy some POT (Potash that is). Looking for a target of $106 and could add to the position if it breaks higher on volume. Fertalizer co's are starting to make a comeback!!

POT Daily Chart:



PCLN also looking good. Sold off hard recently but watching to see if it breaks the current resistance level (marked in red). If so, 1st target = $208 / 2nd Target = $220 - 222.

PCLN Daily Chart:



The prices are kinda steep (Estan caros con cojones!), So I will probably trade the July options for more leverage.

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