Wednesday, January 20, 2010

Bookkeeping: Limit Buy Order for Potash (POT) Kicks In

A limit buy order for Potash (POT) near $112 executed today, which will take our stake up substantially to about a 2.4% allocation,  The price was chosen for because to reach this level the stock would have to fill a gap and then reach the 50 day moving average.  

On first glance a stop loss below $108 would seem sensible.  There appears to still be a tiny gap around $110...

Long Potash in fund; no personal position

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