Buy The Pullback

In Agriculture:

I want to buy [[CGA]] near $15:

I will personally be picking up more Intrepid Potash, Inc. [[IPI]] if I can get it around $29:

And, The Mosaic Company [[MOS]] , I would like to pick some up near $50:

For PPT subs:

• Agriculture Chemicals
• Farm Products
• Farm Machinery

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Being the die hard Saints fan that I am, nothing pleases me more than seeing the front page of ESPN with coverage of the Saints.

Back to the market, we were about a hair away from Fly target price of 10,500. I happened to take profits on a bunch of positions as I feel more comfortable being in cash. Agriculture is still hot and should be bought on dips, I sold Agria Corporation (ADR) [[GRO]] this morning on the pop thanks to Origin Agritech Ltd. [[SEED]] .

I’m still watching JA Solar Holdings Co., Ltd. (ADR) [[JASO]] consolidate, the stock is mashed up against a few moving averages, and is just about ready to BTFO.

A few other stocks on my watchlist include:

Cal-Maine Foods, Inc. [[CALM]]

[[CGA]]

[[BWEN]]

Gerdau SA (ADR) [[GGB]]

GameStop Corp. [[GME]]

[[RINO]]

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An iBC classic

[youtube:http://www.youtube.com/watch?v=TROhlThs9qY 450 300]

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Monday:

• Atwood Oceanics ATW
• BJ Services Company BJS
• Brocade Communications Systems, Inc. BRCD
• China TechFaith Wireless Com Tech CNTF
• Hewlett-Packard HPQ
• LDK Solar Co., Ltd. LDK
• Star Bulk Carriers Corp. SBLK

Tuesday:

• American Eagle Outfitters Inc AEO
• Barnes & Noble BKS
• Blue Coat Systems BCSI
• Coldwater Creek CWTR
• Daktronics DAKT
• Fred’s FRED
• J. Crew Group, Inc. JCG

Wednesday:

• CHINA FINANCE ONLINE CO JRJC
• Deere & Company DE
• Tiffany & Co. TIF

Thursday:

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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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…With Shippers/Solar/ Agriculture

I said it on Tuesday and I will say it again, action can be found in Shippers/Solar/Ag.  We saw the fertilizer company break away Tuesday, we saw the shippers break away yesterday, and now we have solar taking the lead.

Get familiar with stocks in these three groups, look for stocks that are near breakout levels, buy the dips on strong stocks within the group, this is where the money is flowing. I will be looking throughout the whole space to find ideas in the coming weeks.

Long live the turkey gods.

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