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AGRIUM INC T.AGU

"With more than 1,400 retail centers, Canada-based Agrium is the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, and seed directly to farm customers. The company's wholesale business produces and markets the three main crop nutrients--nitrogen, potash, and phosphate--with natural resources located mainly in Canada and the United States. The bulk of Agrium's sales are generated in the U.S., Canada, and Australia."


TSX:AGU - Post by User

Bullboard Posts
Post by moneydiggeron Jul 24, 2008 4:23pm
503 Views
Post# 15326951

more downside coming

more downside comingsorry boys but i predict more downside short term.   The TSX will come reach its resistance to 12 700 and if it don't hold there we are going to  go down much further (11 700 level).   Unfortunately AG will follow.   I predict at least another $10-$15 haircut before it's over.   My target and entry point is $70.   Don't try to catch a falling knife.   Agrium held up pretty good on the last TSX drop, but this time around it seems to be coming down fairly fast with the rest of the market.  Actually it is what we need to end this blood bath.  All sectors have to follow to create CAPITULATION wich will let us move on with this lousy market.  Please don't bash, this is technically obvious and keep your cash and you will be rewarded because of your patience.
Bullboard Posts