Potash POT News 9/12 - Pot stock ripping higher Friday

This morning we have Potash ( POT ) ripping higher after a strong reversal yesterday. Potash has been an ugly stock over the past month or so. Looking at the Pot chart....we have that resistance at about $170 so you may want to try and short it there. Buying dips below $140 would be a good buy. CNBC Fast Money's Guy Adami pointed out that POT was trading like Potash prices were $400 a ton while they are really at $900 per ton. Could this be the bottom for the Ag stocks? I seem to think so! The key to making quick and huge gains in the stock market are buying stocks on the turn rather then catching a falling knife. Patience is the key! Buying stocks on the turn is one of the hardest things for stock market traders to do. The fear of " I'm going to miss the run if I don't get in " leaves most investors caught in a downward spiral lower, only to sell out break even when the stock actually starts " The Turn " higher.

There are price targets of $280 per share out there. Once POT closes back over $190, things will really get rolling again!

Don't try to catch falling knives! The stock market is always right and if a stock is going down, its going down for a reason! Catch the turn back up!

POT - Potash Analysis 9/03/08 - Potash ( POT ) technical analysis Sep 3, 2008

Pot Potash Technical Analysis Stock Chart

Pot has broken down severly yesterday 9/02/08.  Potash gapped below its 200 day moving average which is very bearish.  I would expect the previous low to be tested at $157.  If this holds, you could get a solid reversal and this could be a nice long term bottom.

Pot is in a clear downtrend, all rallies should be sold, and major dips should be bought....if $157 is closed below, you could see a retest under $150 which I would buy heavily!

Potash ( POT ) stock ready for a bounce? POT Technical Analysis 8-13-08

Last week I wrote about Potash when it was on the verge of breaking that key support level of $190. POT has wrestled with that level many times over the past few months and when the stock finally closed below this level, all hell broke loose! Potash and all the AG stock were beaten down with the rest of the commodities stocks.

So what now? Well, Potash has some major ground to gain back before it can be a stable stock again. This breakdown in Potash shares was the first MAJOR breakdown in a few years. The stock is damaged big time. But are investors missing something? Are they missing the fact the demand for Potash as a product remains strong? Are investors missing that POT stock trades at only 7.8 times 2009 earnings?

Looking at my POT technical analysis stock chart, we have that support now at $157 which will be very crucial. $175 is also your line of resistance as this was the low a few months ago before it ran to $240. If Potash can close above $175 & $190 it will be back! Until then, buy the dips and sell the rips!