You should hold for all the reasons you purchased. If you have the ability to buy more, then that should be the consideration. AAA went from 80 cents to $2.40 very quickly, and profit taking took place.
A look at the market, and the performance of all sectors over the past few weeks, you would quickly realize that holding cash and the fetal position were the only two safe places, so AAA is not weak for any corporate reason.
No debt, lots of cash, and in a sector that has no where to go but up. The population is growing globally, India and China, along with Brazil and Russia are seeing their economic life change dramatically, where people have jobs, and no longer live on pennies a day. The biggest impact here is diet, and if you can afford to eat, you will.
High price of oil will bring back the surge of ethanol, and there go the corn crops. All the above will cause potash prices to not just be supported, but increase over time.
Allana has continued to show strong results, they already have a 43-101 already and it is about to be update/dwarfed buy a new report. Think about Liberty getting involved recently, think about how many analysts have been on this which is unusual for a junior to have such coverage.
We also know that every major mining company is looking to participate in potash, and some juniors have been picked off. It is common to hear CEO's say they are looking to invest in the potash sector in a significant way.
We don't know when the next leg up will be and where it will get too, but as horrible as what Japan is going through, this event will mean billions of dollars will get pumped into the economies to rebuild.
We all make our own decisions, and these boards provide great information, confidence, and dialogue, but in the end you decide.
Personally, I think potash is a safe place to be, and Allana has a great long term profile. No one on hear likes to see a buck forty, and we would all like every day to be green/up, but that does not exist in any stock.
What silence? :)
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