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Skeptics out on Potash
It’s earnings season and with that come out all the pundits ahead of the number to either be:
1. Doom and gloom
OR
2. Rah-rah
On the Potash (POT) message board on Yahoo Finance, the tone seems to be trending towards doom and gloom. There is lots of talk of bubbles and that Ag is in one of them. Poster Antartica wrote:
“What is it going to take to get people to admit the top is in on the ag stocks. Has anyone looked at the price of corn lately? It was a bubble. Everyone was buying the same names at once. What don’t you all get? “
In another post, rather amusingly titled “this is my bubble”:
“I will pet it…i will care for it..i will coddle it…i will read every seeking alpha article over and over…my bubble is different”
Some posters appear to be certain the stock will drop anywhere from “40 dollars” to “50″ as soon as earnings come in- regardless of the earnings.
During earnings season- be careful on the chatrooms. There’s always someone with their own agenda.
Stay tuned for Potash - which reports on Thursday, July 24.
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