Saturday, August 16, 2008

Intimidating Wisdom and Foresight

So RBC reiterated a strong buy on POT on July 18 when the stock was $209, we are now sitting under $170. Brilliant!!!!!!

POTASH

25-Jul-08 Reiterated UBS Buy $320 → $308
24-Jul-08 Downgrade Scotia Capital Sector Outperform → Sector Perform
18-Jul-08 Reiterated UBS Buy $285 → $320
18-Jul-08 Reiterated RBC Capital Mkts Outperform $340 → $375
09-Jul-08 Reiterated BMO Capital Markets Outperform $310 → $335
09-Jul-08 Initiated Canaccord Adams Buy
24-Jun-08 Reiterated UBS Buy $250 → $285
19-Jun-08 Reiterated RBC Capital Mkts Outperform $300 → $340
19-Jun-08 Reiterated Credit Suisse Neutral $210 → $280
16-Jun-08 Reiterated Citigroup Buy $243 → $284
11-Jun-08 Reiterated BMO Capital Markets Outperform $200 → $310

On June 19th Credit Suisse comes out with an outperform on MOS when the stock was at $151.25, the stock never saw an uptick and now trades at $ 97


MOSAIC

09-Jul-08 Initiated Canaccord Adams Buy
19-Jun-08 Reiterated Credit Suisse Outperform $165 → $195
16-Jun-08 Reiterated Citigroup Buy $200 → $212
11-Jun-08 Reiterated BMO Capital Markets Outperform $135 → $200

I could go on and on and on, you guys know me by now and what I think of the ANAL-lyst community.Mindless idiots whose real world doesn't exist outside of a balance sheet. The absorb like a sponge, voluminous quantities of data and content that "once was", with absolutely no regard for the here and now and what may happen in the future. Truly a crime in my book. If Cox at the USELESS bureaucracy at the SEC wants to make himself slightly useful, start making these analysts tailor there opinions to short trends that may possibly help the investors who listen to this puke. But I forgot---he doesn't like shorting. What a farce.

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About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.