123 Trends and Reversals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 123 Trends and Reversals

QQQ 629.07

+0.5%

Oct 31 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ally who started this subject	2/1/2001 8:43:29 AM
From: Ally	of 147

Re: Agrium (AGU) On a primary uptrend, and may have just completed a retracement. I'm not expecting this stock to make any kind of parabolic move up, unless traders decide to play it. More likely, it'll be a slow grinding up stock. More ideal as an RRSP stock. It also wouldn't be a stock to own permanently... just to rent. The fundamentals forward look good. It may report slower earnings for the current quarter, but analysts expect earnings to power up for next couple of years. Why? (1) The nitrogen fertilizer pricing environment is improving after 3 years of decline (2) Agrium has a competitive advantage over other producers because it has hedged natural gas (main cost component for producing nitrogen fertilizer) (3) world production is down due to high cost of gas. In the fertilizer world, price is driven by supply rather than demand. Small producers shut down when gas costs are high. (4) Agrium has respectable management. What we have here is a stock that has good chart technicals, and good look ahead fundamentals. Disclosure: I recently bought AGU in my RRSP Caveat: Any stock may look good today, and isn't tomorrow. So don't be complacent and keep stops handy! 207.61.23.99

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next