@ramunger4 MOS & POT are components of the Agricultural Inputs sector (chart below), which was recently rejected off resistance while putting in a divergent high. As such, the sector, along with POT & MOS, might need some time to consolidate the recent gains before building the energy for a breakout of the 3475 resistance level & the next thrust higher. With decent dividend yields, one gets paid to wait in those two stocks so as long as they hold above support (24.50 on MOS and the uptrend line off the Jan 25th lows on POT) you could take another starter (fractional/partial) position or begin a gradually scale-in program, buying small lots at periodic intervals over the next several months. A more strategic entry would be to wait for the charts of both the Ag Inputs sector as well as MOS and/or POT to set up where a more objective entry or a breakout of a clearly defined pattern exists. Otherwise, even with the dividends, MOS & POT could be dead money for a while if they grind around in a sideways trading range.

Kstellish- POT was certainly a more favorable entry 9% lower the other day but the intermediate & longer-term outlook still looks good. However, with the stock trading up 6.5% today coming up on minor resistance around the 18.00 level, if I wasn’t already long I would probably just take a fractional position, adding on either a pullback or a break above the 18 level & then again on a break above 19.50 level (assuming that you are targeting T4 at 22.20).

2016-04-14, 7:07 AM
Cowen & Company downgrades Potash of Saskatchewan (NYSE: POT) from Market Perform to Underperform.