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Strategies & Market Trends : Ask DrBob

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To: gongoman who wrote (99013)6/19/2008 10:35:13 AM
From: Drbob512  Read Replies (1) of 100058
 
gongoman: Well, some of the fert/ag juniors have already rallied, such as KCL, which is the best of the juniors, so any pullback would be desired, it just listed on the Toronto from the Venture. Support near 5 1/2 and again strongly at 5, may not get that cheap on a pullback.

Also, PON is ok at current price near 3 and better below 2.85, WPX on a pullback to about 1 1/2 would be ok to me, then more speculative ones are RAY and TEL. These are all potash plays, all early, except KCL which is more advanced.

One fert play I like a lot is LGDI, on any dip below 4 1/4.

Warning: These are all riskier than the fert majors or mid-tiers. Never chase stocks that are parabolic. I am not recommending buying any stocks because I am not a Registered Investment Advisor.

regards,

drbob
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