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Saturday, September 27, 2008
Fertilizer Play
Fertilizer stocks took a major hit and then all the shorts seemed to pile on to drive down prices. The hit came as rumors were spread hinting that Farmer's do not have adequate access to capital to purchase their fertilizer. In turn, the fertilizer companies lose sales dollars. This is pure conjecture and will be a non-event, which is why I picked up some Agrium (AGU) on Friday @ $63.93.
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2 comments:
Hi Justin, sorry it took so long for me to reply, but I wanted to thank you for the positive comments you made about my book, Understanding Options. I hope the book helped and how did you do on that covered call? Michael Sincere
No problem whatsoever. I understand you are probably a very busy individual. Thank you for taking time to respond. Of course being relatively new to the game, I've had my good/bad, but I like to think I learn something new every trade. My latest is selling Nov $27.50 covered calls on CHK. Do you have anything else currently in the works bookwise? Again, you made difficult topics easily understandable to the average trader and for that I thank you!
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