Agri-Ferts a seasonal play - today on BNN
Here's what most investors don't seem to know. The agricultural / Fertilizer sector has a seasonal momentum. The only one 98% of investors recognize is the generalized "sell in may and go away".
Today on BNN, Don Vialoux explained this quite well in his assesment of Potash producers Agrium and Potash Corp. This will be applicable to all Potash players large and small. Patience friends, patience...the seasonal play starts in 4 weeks or less.
Don Vialoux |
BUY on WEAKNESS |
Potash Corp of Saskatchewan |
POT-T |
0.000 |
Buy Agium (AGU-T) and Potash (POT-T) near the end of June for a seasonal play through to the end of December. Might have started a little bit early this year because grain prices are starting to move higher meaning farmers are making more money. Has worked 8 out of 10 years but didn’t work last year. Looking for a pullback in June. |
2009-06-02 |