Re: Fertilizer Stocks
Thank you Chuck, but Crypt and I may be shorting them soon. Iam waiting for the financial mess to straiten out and the market to pick a direction. The global economy is contracting and commodity prices are falling with it. The truth is the cost of fertilizer was way over priced. It has a lot of room to come down, and combined with lower sales, as farmers will have a lean year and not be able to buy it, I expect the stock prices to decline. This is a bubble that is now bursting and deflating very quickly. MOS dropped 49% today. As I said, Iam waiting for direction and a more stable market.
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