A few quick notes:
I lightened up on the fertilizers yesterday and today. Not because these aren't great names but because yesterday was a pre-earnings day-trade, the risk of holding too much into earnings in this market is high, and even more so because for POT particularly historical data has shown that even after beating earnings the stock has gone down or stayed flat and consolidated first before shooting up. I still hold shares... however less, with cash ready to go if prices fall too much further and/or after earnings when consolidation has occurred in the past.
Here is the chart of POT with earnings
Here is the chart of MOS with earnings
I meant to write about this last night but just didn't get a chance. The long-term story is so good here though that I would not sell at under 217 unless the CC is less than stellar... or if you are overextended, in which case I do recommend taking some risk off the table.
ISRG: I recommended that people keep an eye on this when it was at 250. If you haven't sold already, as I mentioned on numerous posts, I would take most or all off the table before actual earnings. The risks here are too high. This was a play before earnings... perhaps take the 12% and run...
Do what you think is best as always of course.
"The Yellow Rose Street Beat" is for informational purposes only. It does not give investment advice.
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