**** WE'VE MOVED TO A NEW HOME ****

Friday, October 19, 2007

Bought More CF Industries (CF) - I Can't Help Myself

Posted by Mark at 12:00 PM TweetThis
I talked about CF Industries (CF) as a breakout candidate yesterday on a clear of $78. Mission accomplished. Even in today's carnage its been green all morning. Talk about strength. I had to add another 100 shares here so I can be overweight this name - we should be looking at a move to $90 in coming weeks barring an implosion of the market. This takes the fund up from 475 shares to 575 and now a 4.0% position.

Earlier posts about CF Industries (CF)

Fertilizer is the man. Get some.

Long CF Industries in fund; and in personal account

Posted by Mark at 12:00 PM Comments (2) | Edit This Post | Create A New Post

Labels:

2 comments:

fortune8 said...

Nice move.

I looked at CF last night with 20 and 55 days high. Was going to pull the trigger this morning but the market declined kept me out.

October 19, 2007 1:14 PM  
TraderMark said...

Yep, its a nice breakout but even if it didnt break out today this is a fundamental call. We have a major shortage of investible ideas in agriculture and especially fertilizer. POT has the highest value (deservedly) and MOS just made a huge run, while CF lagged. I am going with the theory that due to Potash exposure MOS should get 80% of POT valuation and CF perhaps 65-70%. Right now its more like 50% so we should have a good run over time; if not now, then in the future.

October 19, 2007 1:29 PM  

Post a Comment

Subscribe to: Post Comments (Atom)

*

*

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix