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Potash/Mosaic

Posted: Tue Jul 30, 2013 11:57 am
by AdamA
Anyone see the beating these to two stocks (MOS and POT) took today?

Both around around 20%, supposedly b/c the Russian government broke up a monopoly, which is predicted to drop the price of potash.

Might be a good time to buy (?) 

Any opinions?

Re: Potash/Mosaic

Posted: Tue Jul 30, 2013 3:23 pm
by dualstow
I briefly noticed the headline "Potash hammered" this morning, probably because my family used to own POT shares. Used to. Whew.

Re: Potash/Mosaic

Posted: Tue Jul 30, 2013 6:08 pm
by AdamA
dualstow wrote: I briefly noticed the headline "Potash hammered" this morning, probably because my family used to own POT shares. Used to. Whew.
I don't know much about it, but the whole thing seems like an over-reaction to me.

Re: Potash/Mosaic

Posted: Wed Jul 31, 2013 8:14 am
by AdamA
I just bought Jan 2015 at-the-money calls.

Re: Potash/Mosaic

Posted: Fri Aug 02, 2013 9:51 am
by AdamA
Intrepid Potash (IPI) is selling at book value.