Monday, October 20, 2008

Monday morning update

Trade update:

I cut RIMM off this a.m. In the face of an early rally RIMM was selling off with decent volume. Bye bye RIMM @$53.8 My stop was never violated but if a beaten down ostensibly oversold stock can't rebound with the market, something is wrong.

Fertilizer stocks are showing strength so RIMM is replaced with long probes in AGU and MOS. I'm also keeping an eye on sister plays in CF and POT.

Coal is also showing strength with ACI in play and MEE on the radar.


Intraday Update: Added to MOS @ $38.3

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