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Potash Corp. of Saskatchewan, Inc. Message Board

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  • wes_w_weber wes_w_weber Aug 28, 2008 12:57 PM Flag

    For the good people

    I hold a couple thousand shares long however remember...Things are until they are not. Very simple. It astounds me how most of the rhetoric here revolves around cuddling each other as it drops. This equity will go lower. I was hoping for insight here but I see a bunch of people in the corner huddled around a candle waiting for the morning sun.

    Hold out until November you will have your $200.00. Or if you have the cahonies it's time to go short even at this level. You will pick up 10 points there abouts.

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    • INTERTRADER,

      What highs and lows did you use to arrive at 177 being the 38% Fib retracement level? I used both the all time lows & highs and the all time high & the recent lows. The latter produced a 23.6% Fib retracement.

      Based on stock patterns, I agree with your bearish take on this stock. I am also short MOS & AGU. I would expect POT to drop to $120 - $125. So my exit will be $130.

      The poop trade is over.

 
POT
35.22-0.16(-0.45%)3:14 PMEDT

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