chiller

Buy, Sell, or Hold Fertilizer Stocks: Agriculture Bust (Part II)

This reminds me of the sell off in tech earlier this year when the likes of Intel and Apple reported record earnings but got sold anyway. Everything is seanonal. There's not the same amount of money in the market so the money rotation now is more obvious than ever. Even if there might be some fundemental changes to these companies, which I don't think there is, it just doesn't change overnight like the stocks are behaving. Don't panic and try to insert some fundamental reasons to the sell off. This is pure money shifting from one sector to others. The fundementals and earning power of these ag are still intact. If you have cash, buy incrementally in on the dip and stay long. Unless the companies come out with bad earnings themselves, nothing has change.