I won't be surprised if he is right. But like you hope he is wrong.
In meantime I am diversified some into potash WPSHF. Target many 100%s long term and 80% more near term.
Why?
From NIA:
NIA is willing to put its reputation on the line right now by saying it is 100% confident that WPX will become the #1 biggest play on the entire TSX next week! After rising 14.3% to $0.20 on Wednesday - trading 18.3X higher than normal volume - WPX finished yesterday at $0.205 per share, a new high since NIA's initial WPX announcement last month!
NIA said at the time of its initial suggestion of WPX last month that it would face resistance at its key breakout point of $0.21 per share - and that's exactly what we saw during the last two days. However, NIA predicted that after WPX surpasses its key breakout point of $0.21 per share on strong volume - it would immediately make a move to $0.33-$0.34 per share within the following 3 to 5 trading days. With the Potash industry now in full rapid reflation mode, NIA believes more strongly than ever that WPX absolutely must return to a very minimum of $0.33-$0.34 per share in the immediate, imminent future!
I believe dollars above are CAD.
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