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SCovert » Comments » POT
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The Precarious & Problematic Potash Pyramid at Potash Corp. (Part IV) [View article]
Sorry for the chartspeak (some people REEAALLLYYY hate charts and only enjoy the stories), but POT keeps bouncing up off its 50-day moving average. Hence it is a buy on those bounces, such as last Monday-Tuesday. One day the pattern will break and the 20-day moving average (for example) will cross under the 50-day, and it'll be time to take a loss without fussing about "the story". In other words, it will start going down one day, and it will be the fundamentalists more than anyone else who will ride it all the way down to $whatever instead of using a disciplined stop.