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.