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Fertilizer Stocks
I just saw a streaming news article about fertilizer stocks being out of favor, as if some kind of bubble has burst and everyone let's run for the hills. These talking heads are supposed be professionals, aren't they?
If you look at the charts for POT, CF, MOS, AGU, etc. you'll see that they have been in an uptrend for 3+ years with higher highs and higher lows the whole way.
It's not as if we're going to replace food with something different, the way we replace our SUVs with Priuses.
Automakers and banks "fell out of favor". Fertilizer stocks are taking a breather before the next surge. Enjoy the breakout!
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Re: Fertilizer Stocks
We have a couple of great traders in our chat room that watches the ferts like a hawk and knows them very well. If you ever wanna talk fertilizer stocks look up iamnottadog or cryptkeeper, These guys love the ferts. Good luck.
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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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