Friday, September 26, 2008

Downgrades in Agriculture

RBC Capital just reduced price targets on POT from $375 to $250 and AGU to $105 from $145. I commented on the silliness of there upgrades only a month ago here.
Be careful today, I'm feeling, seeing and hearing raw panic this morning. If the Feds come through it could alleviate a little pressure but it's still just a band aid on cancer.

2 comments:

Dian said...

Hi
I noticed you mentioned 'Lemming over the cliff pattern chart formation in POT'on twitter. Could you please elaborate what it means and how you trade it. I have never heard of it.

upsidetrader said...

that was a twitter comment to me from stockjockey over at 1440wallst.com

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.