RE:RE:RE:Have you noitced?
PedroPistacio wrote: I was wondering who the sellers are at the moment. There will always be traders, plus people recycling strong gains here into blown out valuations somewhere else. The share price is also trading close to the peaks back in 2011 (a closing price of $10.77 on 20th April 2011) and so from a technical perspective there is perhaps a resistance point yet to be broken and some stale bulls getting out. But it was also interesting in the presentation when CV talked about in-house selling to fund option purchases. Can someone cleverer than me tell me what sort of volume of shares will have had to be sold in the market to fund these recent options? I assume this information is eventually released within an RNS but I have not seen anything recently but would like to have a sense as to how much this hasbeen of the market and whether this source of selling has a deadline to end?
I think some traders/shorts are playing off the weak technicals. The chart is not looking great right now. Both MF and RS on the daily and weekly charts are suggesting a bigger correction could occur. The sector is also acting a little sickly lately not participating in this current market rally at all. I am holding all cores but looking to pick up some traders at some larger time frame support levels, if the stock gets there.
Cris's mention about the lack of supply disruption from Belarus and Russia so far this year surprised me especially after reading what the execs of Nutrien and Mosaix had to say a few weeks ago about large expected annual shortfalls. It made me question whether food prices are really holding KCl up this high or if there are some misperceptions about the true available global supply. The messaging to all the analysts has been expect extraordinarily tight supply for the foreseeable future but that report Cris discussed showed Brazilis having no issues.