Friday, April 25, 2008

POT

POT (Potash) has been on a bullish trend and this morning JP Morgan has raised EPS to $18.50 from $11.75. I can't recall ever a firm raising target 50% on a stock and this must be seen as extremely bullish.
The stock has pullback the last two days but I expect POT to see all time high next week on this news. Also watchfor the other agros like, MON, MOS, AGU of the world to have a good day and test their highs.
Lets see if we can push higher today again into the 1400 level and see if we reject it again. If we do that would been a second failure for the bulls to push us over the edge higher.
Watch MA and V today, after AXP good earnings yesterday evening these might get some buying.

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