OTCPK:PTAUF - Post by User
Post by
b42on Aug 02, 2009 2:21pm
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Post# 16185696
Declaration on POT.,,,
Declaration on POT.,,,I'm still long 1000 at $107 on this one. I profited on all calls sold both aug and sept on pot's last runup as they went to almost half of my selling price but instead of lowering my average to $103, i used the proceeds to buy 10 sept $96 puts. The NY chart looks straight and steady but the more that the C dollar goes up the tsx pot chart looks like a downtrend of lower tops. If you have ''bigcharts,'' put in a one month daily on POT for the NY version and CA:POT for the tsx version. You won't believe the difference in only the last 3-weeks. POT NY was $93 =3-weeks ago and same price today. POT TSX was $105 and today = $100. I now only use the u.s. chart because of no currency interference and usually 10-times more volume than Canada. Like 800-k here to say 8-million shares there. Most of NY trading IMHO is hedge funds, mutual funds, pension funds (and etf's like MOO ??). Well i guess the next move will be based on the next price of potash per tonne. So we go sideways (NY,) whilst chewing our nails and popping lorazepam amongst other 'stuff.'.