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Potash Corporation of Saskatchewan Inc. Message Board

ardms 2 posts  |  Last Activity: Mar 18, 2015 10:36 AM Member since: Sep 2, 1998
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  • Reply to

    If $46ish Support Doesn't Hold...

    by gordonfan4life2 Mar 18, 2015 9:58 AM
    ardms ardms Mar 18, 2015 10:36 AM Flag

    $30 looks like the next major support to me, which just seems too low. I seriously doubt we blow through the $30s like we did with the $50s and are now doing to the $40s. The most pessimistic price target of $40 seems low enough to me but I have been surprised by just how vicious the sell-off has been and how dismal things were on earnings week when we broke $50. Going in small and disciplined has saved me thus far, but sooner or later this thing should start acting 'washed out' where more bad news doesn't drive it any lower.

  • Reply to

    Huge Crop

    by eternal_optimist Sep 3, 2014 11:26 AM
    ardms ardms Sep 3, 2014 10:50 PM Flag

    Calling bottoms in commodities is called guessing. Swimming in corn this fall means we could see lower prices, but the market already is expecting us to be swimming in corn and the price has already dropped significantly. I nibble and average down from this depressed price. We should see a bounce in 2015.

POT
25.42-0.58(-2.23%)Sep 1 4:05 PMEDT