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Thursday, October 16, 2008

Potash ( POT ) Stock 10/16/08 FCX

Monday Potash ( POT ) was $115 in pre market....three days later, you can buy Potash ( POT ) at $70. Yes, that's right, Potash is down $45 in three trading days. This is thanks to hedge fund liquidations still going on in the stock market. Look at Freeport McMoran ( FCX ). Down $15 per share since Monday morning.

Someone is selling big time! These stocks don't even rally with the stock market anymore....they go down further.

What to do? Wait for them to break their highs of the day after 10am to jump in.....once the sellers are done selling, these will bounce big time!
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