Last week, it was reported that GM is increasing the number of E-85 vehicles in the mix. I realize that GM isn't producing as many cars as they were, but they appear to know something about the future of ethanol as a fuel.
I agree with Bob'29... It was the unwinding of hedge fund positons, which caused this extraordinay drop. What else could account for that big of a drop in Potash and others, as well. This is a "synthetic" conditon. An abberation, just as the entire market is skewed, at the moment.
If third quater earnings for POT are good, and I expect them to be very good, they will contrast other fine companies, which are reporting poor earnings. I don't think that the fundamental picture has changed that much. Some big players dumped. If the market recovers from it's "synthetic" depression, I believe that Potash will rocket! Won't the same people who dumped, be back in force, when earnings come out? What about global investors who want to "BUY AMERICAN," just like the bumper sticker says? Won't they be back looking for companies that are sound, but beaten-up by "synthethic" short-term trades. The mood of the market, government(s) actions to spike a reversal, flight to quality, renewal of ethanol as a fuel (I was surprised, by this), solid earnings, recession-resistant product, Chinese demand increasing... But in a market like this, anything is possible.
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Last week, it was reported that GM is increasing the number of E-85 vehicles in the mix. I realize that GM isn't producing as many cars as they were, but they appear to know something about the future of ethanol as a fuel.
Oct 22 02:46 am
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All Comments by MSmailbox »Potash Corp: Liquidity Trouble Ahead? [View article]
I agree with Bob'29... It was the unwinding of hedge fund positons, which caused this extraordinay drop. What else could account for that big of a drop in Potash and others, as well. This is a "synthetic" conditon. An abberation, just as the entire market is skewed, at the moment.
If third quater earnings for POT are good, and I expect them to be very good, they will contrast other fine companies, which are reporting poor earnings. I don't think that the fundamental picture has changed that much. Some big players dumped. If the market recovers from it's "synthetic" depression, I believe that Potash will rocket! Won't the same people who dumped, be back in force, when earnings come out? What about global investors who want to "BUY AMERICAN," just like the bumper sticker says? Won't they be back looking for companies that are sound, but beaten-up by "synthethic" short-term trades. The mood of the market, government(s) actions to spike a reversal, flight to quality, renewal of ethanol as a fuel (I was surprised, by this), solid earnings, recession-resistant product, Chinese demand increasing... But in a market like this, anything is possible.