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Strategies & Market Trends : Ask DrBob

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To: kidl who wrote (99040)6/25/2008 11:41:41 AM
From: Drbob512  Read Replies (1) of 100058
 
kidl: Those are two good jr fert plays, esp. KCL. I, too, own both, and have smaller amounts of a few others that I plan to trade, not invest in. Coal plays have been hot lately, so you've done well with momo plays. I think jr ferts are not done yet.

PBG broke below 50 in the past few days and today has fallen to the 47s, disappointing but technically not surprising, and support at 46 might hold.

TSX and resource stocks have finally been hit by profit-taking/selling, such as GTE SOR BQI PBG CLL PON TEL WPX etc, after having held up while gen'l market has tanked the past several weeks.

The run for resource stocks such as jr energy and fert stocks may not be over, just pausing to refresh, imho.,

regards,

drbob
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