April 27, 2010
– Comments (7)
This sector has lagged the S&P in the last 4 months. But planting season is here and that will soon change.
Also one more point, the 50 yr record new home sales reported last week means there will be record new Deere lawn mowers.
When people buy new homes they also buy new lawn mowers as well. I am proof of that because that is what I did.
Some of those green ticks you see in the chemical/fertilizer sector is me buying right now.
Can't believe it got caught in a bloodbath even in a sector which should not go down because it was lagging.
I added to my positions in January and February. Now I am waiting for the increase. I already feel over weight in this sector or I would have added more this month.
Even DD which blewaway est. plus raised guidance is getting crushed.
Maybe time to short.
I would have better luck trying to call the bottom. In reality I have almost no luck with that. I DCA instead to keep my sanity intact.
Even if the sector hardly moves this year it would still be good to continue to buy into it because it will move at some point and move well.