Trader Mark submits:
I only have two commodity plays and I am disappointed in the relative performance of Potash (POT) of late. I had mulled moving into an iron ore (CLF) stock or coal stock over the past month, and in retrospect that would of been a very smart thing to do, but I missed the boat. Considering the price increases announced lately in those spaces, the potential for a very nice upside in earnings is strong, while the fertilizer market is more or less ho hum right now. With that said, the stock of CLF is up 50% in a month, so it’s not like the market has not re-adjusted the price of the stock accordingly.
I appear to be the last person on Earth not to chase into these stocks, but for now I will sell the small amount of Potash we have left and buy either a coal- or iron-based stock in the future to replace it. (Click to enlarge)