I was travelling last week. The market is still enjoying the easy money policy by the Fed. I believe it is going to announce a 500 billion QE II on Wednesday. Over long term, this will bring inflation to life in U.S and emerging market.
This week is critical to Potash. If government rejects the deal, then the stock may go down to 140 level. It would be a good buy around 140 U$. If government approves it with a condition, then the stock will trade to 150-155 U$.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment