Potash (POT), Mosaic (MOS) Continue to Take a Hit
Submitted by greenfaucet.com on Mon, 07/13/2009 - 16:44.
Potash (NYSE: POT) and Mosaic (NYSE: MOS) were hit hard Friday [Jul 10: Potash Steamrolled] on news that a Russina provider, Silvinet had signed an agreement with major buyer India for a steep discount, $460 a tonne. To show you the scope of that pricing all the other bidders apparently were in the $625-$635 range. Both stocks continue weak this morning, 3-4% down - interestingly Mosaic (MOS) was surging Friday ahead of this news report due to a flurry of call buying and the ever present "takeover rumor".
Read the full article: http://www.greenfaucet.com/agriculture/potash-pot-mosaic-mos...
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