Thursday, January 28, 2010

Potash

As I expected, Potash is having a difficult time to sell fertilizer. The grain prices are not high enough for high demand fertilizer usage. Over long term, however, I am bullish on POT. I will be interested if POT is traded around 90 U$ or 95 C$.

Banks will rebound a bit more because Obama toned down a bit yesterday on bank bashing. Will sell MS around 30.

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