Two of my favorite acronyms I use on this site are 4TW & BTFO. For those that are unfamiliar with the two, let me clarify a bit.
4TW = For the win.
BTFO = Break the F*** Out
Now that we have that clear, Ag names are fixing to BTFO, the whole space is in bull mode and today’s close was quite impressive. My favorite name in the group, as of this very instance, is Intrepid Potash, Inc. [[IPI]] , the stock is at the all important $29 level, and happened to close above it (bullish sign).
Even the small cap names can run here. I was fortunate enough to see the move early on and load up on Agria Corporation (ADR) [[GRO]] right before the breakout. I still hold the name and believe it has some more juice in the tank.
Here is a name I missed on Wednesday, [[CGA]] . I think this one has the potential to be a runner, and will enter on strength and volume:
And, for those that do not like playing with small bombs, take a look at Agrium Inc. (USA) [[AGU]] . I will be watching for a breakout on heavy volume.
Feel free to share your ideas on Ag, in my opinion the move has just begun.
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i was completely fucked by IPI last year. i want REVENGE. so, i’m in.
and what’s with the asterisks around here recently? everyone trying to clean up and be professional? yikes!
Don’t forgettaboud MON.
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IPI now above 30
CGA = BTFO
Ag 4TW!