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Chemical & Mining Co. of Chile Inc. Message Board

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  • harrywanger harrywanger Sep 2, 2008 10:20 AM Flag

    SQM due to a big correction after run up

    Has strong support at 35ish. But it may run back to the 200 dma. I wouldn't feel comfortable going long here by a any means. I'm actually going to stay short beyond 35. There is too much going against it right now and no catalyst. Sentiment is extremely bearish in all of these ag/fert names. With oil free falling along with corn and the dollar getting much stronger, near term SQM looks bad.

 
SQM
25.70-0.14(-0.54%)Feb 27 4:02 PMEST

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