Buy Alert: July 2, 2013

| July 2, 2013

Buy Alert:  July 2, 2013


Trade Details

Buy Potash (POT) August $38 Calls for $1.15 or better



Potash, one of the primary fertilizers producers for the US and Canada, has fallen in recent weeks along with the price of grains.  I believe it’s at or near a bottom.

For the most part, this is a technical trade.  POT is at the bottom of a well-traveled range.  And, it’s well below the key 200-day and 50-day moving averages.  There appears to be a floor around $37 which should hold for fundamental reasons.  You see, the company pays a solid dividend (3.7% yield) and carries a cheap overall valuation.

Savvy investors won’t let the shares fall too far without scooping them up at a discount.  We could easily see the stock climb to the $40 level or above in a hurry.

Grab the POT August $38 calls now.


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Category: OTW Buy Alerts