Is it too late to buy POT and MOS? Thank you!
Both Potash (POT) and Mosaic(MOS) are currently beyond their Buy Below prices, so I do not want you to chase these stocks. As impressive as their recent strength has been, both these stocks could pull back and fall below their Buy Below prices in the next several days. Naturally, I will reset their Buy Below prices in the next issue of Blue Chip Growth. In the interim, the Buy Below prices are there to protect you from “chasing” stocks that might be overextended and vulnerable to a short-term pullback. Frankly, I am a bit amazed at how strong both POT and MOS have been in the past couple weeks, and will be setting a new higher Buy Below price if they do not consolidate their recent gains in the next week.
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| Video Demo |
| Stock | Symbol | Grade | |
|---|---|---|---|
| BP PLC (ADS) | BP | B | BUY |
| Chevron Corp. | CVX | B | BUY |
| Exxon Mobil Co | XOM | C | HOLD |
| Hess Corp. | HES | A | BUY |
| PetroChina Co. | PTR | B | BUY |
| Sunoco Inc. | SUN | D | SELL |
| Tesoro Corp. | TSO | F | SELL |
| Stock | Symbol | Grade | |
|---|---|---|---|
| Brinker Intern | EAT | C | HOLD |
| CBRL Group Inc | CBRL | D | SELL |
| Cheesecake Fac | CAKE | C | HOLD |
| DineEquity Inc | DIN | F | SELL |
| P.F. Chang's C | PFCB | C | HOLD |
| Ruby Tuesday I | RT | F | SELL |
| Ruth's Hospita | RUTH | F | SELL |
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