HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: reminds me of Jan. 23, 2008 with potash

reminds me of Jan. 23, 2008 with potash

posted on Mar 04, 2008 07:59AM

Hi Everyone,

On Jan. 23, 2008 potash traded in a range of $125.00-$105.00

They were having their news release Jan. 24. 2008

Fertilizer prices were climbing and climbing. This one was a no brainer that news was going to be good. I had quite a # of shares.

I watched with amazement that 23 day of Jan. 2008.

The stock went into free fall as stops were taken out I bought at $118.00, more at $110.00 and last buy at $108. I ran out of money after that. It went lower to $105.00. I then started to get a stomache ache. I started second guessing myself and drove myself nuts with the what if's.

The next day earnings were announced and here they are:

Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced fourth-quarter earnings of $1.16 per share(1), a 100-percent increase over the same period last year and the highest quarterly earnings in company history. This raised 2007 earnings to $3.40 per share, 72 percent higher than the $1.98 per share of 2006, marking the fourth consecutive year of record earnings. Net income for the quarter reached $376.8 million, more than double the $186.0 million reported for last year's fourth...

The stock was up to $135+ the next day. Someone wanted in bad and set off the stop losses. My point here is that even good old TSX traded potash gets manipulated by the greedy.

I have a bag of examples like this. Today you have to ask yourself :

was there bad news: NO

Is the management the best: YES

I am sure all of you out there can come up with a ton of examples like mine. Sometimes it's good to reflect on those bag of examples before you do something you are sorry for.

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