AxenFic

RBC Defends Potash Corp.'s Valuation: $200 POT?

The Best trade is to short POT go long TRA as a hedge (Lower Natty G is better for the nitrogen guys) but in general, its a way way crowded long and as the rotation out of materials/AG begins, this will also end badly....By the way, Dont give me the Changing DIET argument either...I am not saying that the BRIC nations wont eventually demand more Meats ect...but you are putting the cart WAY in front of the horse on this one...Diets will change, but it wont be overnight (Gap between Rich and Poor in China is still HUGE and the country is on the verge of a revolution...)....Pric... it all in to far....Corn breaks $5 the story has even more issues....SHORT ALL THE FERTS are as we like to call them, The Sh*t stocks