This is an ETF for companies primarily engaged in agriculture - fertilizers, equipments and the like. Contains the stocks such as POT, MON, MOS all giving a good SHORT or Bearish trading opportunities in the short run.
Trading POT
Entered a bear put spread when POT was around 155 for a debit of 2.5. It has a support around 147 and resistance around 161.
2 ways to exit the trade:
1) Set alert if the stock goes above 159. Then manually close the position.
2) Stop loss order with activation price of 2
I am sticking to 1st plan for now.
Disclaimer: This article is published solely for information purposes and is not to be construed as advice or a recommendation to buy or sell a security. Trading results may vary. No representations are being made that utilizing techniques mentioned in this article will result in or guarantee profits in trading. Past performance is no indication of future results.
Monday, March 31, 2008
Subscribe to:
Posts (Atom)
