It was last fall, October 1st to be precise, the market was just coming out of a nasty pull back, when I looked out and saw some stocks setting up for significant upside.
Here is that post =-----
In it i highlighted quite a few names that were setting up into years end and 2021---
GS was under $200 and I thought $230 -$250 even was possible... it went over $300 to make a new all time record high.
$BIDU was $120 and I highlighted upside potential.. its traded 100% from there.
$AA was at $12 it hit $26
$EBIX was sub $20... and I thought $30-$40, $50, even $60 was possible... it hit $64 last week.
I thought $NTR would go over $50.. and here it is over $50.
and I'll stop there, because I still think the fertilizer names have a lot more upside to go.
Grains are going through the roof.
Corn just hit a new 6+ year high this morning
Soybeans are nearing fresh highs as well
Wheat is near new 6+ year highs.
And guess what else is soaring? Fertilizer prices.
The only thing not soaring, is fertilizer stocks... at least not yet.
I think names like CF MOS and NTR are setting up for some serious upside in 2021.
DAP (Diammonium phosphate) futures are up almost 100%!
Fertilizer prices/demand should follow the crop prices higher, which in turn should send the fertilizer stocks higher as well.
I think CF... currently a $42 stock will trade over $50 in the short/medium term
and $MOS is going back to 2020 highs of $37 in the short/medium term. And from there over $40 and then over $50....
Quite a move from its current $27 price. A crazy move..
And yet those EBIX GS AA moves were going to be crazy when I saw them back in October... not only did they work out.. prices went beyond my craziness!
Lets see how crazy I am this time around.