Look what's happening to POT and other related commodities? GS removed POT from their "conviction buy" list citing the stock's > threefold gain over the past year and a stronger US Dollar. Other financial institutions followed suit.
POT tumbled 33 in five days. Can anyone see this bearish trend reversing in the next week or two? Or do you think it is downhill for quite a while? I entered into an Iron Condor on POT during the past 10 days with 630/640 Calls and 195/190 Puts. Fortunately I was able to unwind the PUT Spread in the nick of time with a small cost. I'd appreciate any comments.
Look what's happening to POT and other related commodities? GS removed POT from their "conviction buy" list citing the stock's > threefold gain over the past year and a stronger US Dollar. Other financial institutions followed suit.
POT tumbled 33 in five days. Can anyone see this bearish trend reversing in the next week or two? Or do you think it is downhill for quite a while? I entered into an Iron Condor on POT during the past 10 days with 630/640 Calls and 195/190 Puts. Fortunately I was able to unwind the PUT Spread in the nick of time with a small cost. I'd appreciate any comments.
Posted by Netzoomer | April 29, 2008 6:31 PM