Bookkeeping: Reversing the Fertilizer Sales
Trader Mark (July 9th, 2008) Writes:
Long time readers will know this is about the 678,211,121st (give or take) time I've cut back the fertilizer names as they break support at the 50 day moving average, only to reverse on me within days. [Jul 7: Cutting Some Fertilizer Exposure] I even wrote in that entryHistorically you want to buy them when they touch the 50 day moving average since they bounce, but with the market acting so poorly we could get some washout action.So ONCE AGAIN - I am repeating the same pattern, and with egg on face buying back what I
sold - luckily I sold right near support so we are paying almost the same price to get the position back. It would of been nice to of bought on yesterday mornings dip but I was greedy ...
sold - luckily I sold right near support so we are paying almost the same price to get the position back. It would of been nice to of bought on yesterday mornings dip but I was greedy ...
Tags for this Post:
Beats, Bells, Bookkeeping, Current Market News, Dips, Egg, Fertilizer Sales, Getting News, Greed, guidance, Long Time, Monster, Names, Performance Metrics, Potash Pot, Price Increases, Secular Bull Market, Short Ton, Stake, Stocks to Watch, Term Performance, Time Readers
Beats, Bells, Bookkeeping, Current Market News, Dips, Egg, Fertilizer Sales, Getting News, Greed, guidance, Long Time, Monster, Names, Performance Metrics, Potash Pot, Price Increases, Secular Bull Market, Short Ton, Stake, Stocks to Watch, Term Performance, Time Readers


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