WOW, IAE hits 1.85
in response to
by
posted on
Jul 02, 2010 04:06PM
Edit this title from the Fast Facts Section
Not sure why the SP is at this level, but i am thinking a buy at this price will net you 15% next week on the production news release.
A friend of my mine put in a stink bid at this level and it got filled. Lucky bugger that one.
Potash should turn around by next year I would think. Don't forget that potash is a commodity that is priced by the contract.
If Brazil sells at low prices to say Argentina, they may not get the best price for it, but the Chinese might want to buy from them too.
I am going to take a look at this one, thanks for the tip.
AndyK