godoftrading
Fun Poster
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- Jan 3, 2008
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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!
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!
