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Scoop from TraderWise
5

Bookkeeping: Closing Potash (POT) - Will Look to Deploy into Another Commodity

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I only have 2 commodity plays and I am disappointed in the relative performance of Potash (POT) of late.  I had mulled moving into an iron ore (CLF) stock or coal stock over the past month and in retrospect that would of been a very smart thing to do but missed the boat.  Considering the price increases announced lately in those spaces, the potential for very nice upside in earnings is strong while the fertilizer market is more or less ho hum right now.  With that said,

 
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