POTASH

On April 16th I wrote

"Going forward I would watch POT like a hawk its curve is turning parabolic. Maybe some crazy money is moving in."

(Link to the globeinvestor.com to view the Chart ).

Pot has since re-traced. Is it retracing back to its upward trend line? Will it bounce off its 50 Dma? or would its holders be spooked by a strengthening US dollar along with the other commodities?

It is not looking good especially that its volume on the down trend is higher than average.

I would set a strategy to protect the down side and continue to watch it like a hawk.

It is not the time to go to sleep with this stock stashed in a drawer. This stock represents a commodity and some analysts have estimated the world known reserves of Potash to be good for 300 years.