Trading Update: POT
- 4 Comment
On Feb 15 I recommended buying Potash of Saskatchewan (POT) Calls. I picked up 3 Sept 145 Calls @ $29.50 that day.
Today those calls are trading at $37.50 for a gain of 27% in 8 trading days. I have a paper profit of $2,400 on an initial $8,850 investment. I plan on holding these until June or so.
Jump In?
Don’t chase the stock, but do try to buy on dips as I recommended in my prior post. It doesn’t offer you many chances, but you may get an intraday dip opportunity. I’m still bullish overall and would recommend purchasing a longer-term Call instead of the actual stock for some added punch to your return. For example, had I purchased the stock I would have realized a $350 gain or 11.8% vs $2,400 or 27% on my Calls.
Pick or Pan?
So far this has been a pick, but until I cash out it is only a paper gain.
4 Comments on this post
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Dan said:
Nice trade. That’s a pretty heft profit you got there lol.
February 27th, 2008 at 1:33 pm -
No Fee ATM said:
Hee hee…I like that ticker symbol. It has been a while since I have played around in the stock market, but if I didn’t know any better, I would be tempted to think that this company is involved with the cannabis or hemp industries.
March 14th, 2008 at 1:22 am -
mike said:
how about COIN, converted organics
another Ag in play.it’s more volatile than POT, potentially higher profit
March 16th, 2008 at 12:20 am -
Dax Desai said:
POT is a stronger company in my opinion. COIN is good for trading, but my POT is doing well for me.
March 17th, 2008 at 8:19 pm
