Look at the bright side - you would have lost twice as much if you had bought
any other fertilizer stock - mos, pot, mon, etc.

Cramer is still bullish on ag and gold. A lot of others think these sectors will
tank another 20% before they comes back.
I had MOS and MON in a trading account (ave hold time 2 weeks) and POT and MON
in an IRA which I still have because its against the rules to trade every couple
days in the same stock. So - I am trying to figure out what to do long term as
well. If POT falls below 180, I will sell the whole sector, and maybe short POT
or MOS in my trading account.

just be patient, it will work just dont get scared out like a lot of folks do.
chris

Off the cuff ~ but here you invested with it and didn't do it for it's intial
pop, seeing this price range, the way I would do it ~ since you believe the long
term (or you would not have gotten in 5 higher) then I would wait for the
deepest dip and buy slightly more quanity than original purchase (if you can) or
buy a quanity that will definetly make a difference for you ~ so when this comes
back up (which I believe it will) you'll be sitt-in pretty:)

No problem Susan. Welcome to this lovely site! Ask all the questions you want
and don't be scared to ask. They are plenty of Pickrz here that are good.

Also I suggest you read Jim's books. What concerns me is that you said this was
a trade and then you thought about it and turned it to an investment. Don't
worry the pickrz will give you the edge.

Slightly off topic for this question, but maybe it could help.

I hear/read... it's a trade get out, run for the hills. And wait, it may be a
trade but give it time...

So here's the question and sorry if already asked.

If it is "a trade" then for how long does one wait to decide to "get out" ?
Even in a trade shouldn't you scale in on the way down and then scale out on the
way up ? This assumes, at least in this case, we're not talking about day
trading where you buy/sell on the very same day.

Personally I would have to agree unless we're day trading here there is time for
a turn around. Shoot these Ag stocks move >10% up/down in a matter of days
recently.

Jon

There is a sector shift going on right now from ags, metals, and oil services
into Tech, Healthcare, and telecoms. I do not like IPI at this level because it
is the wrong sector to speculate in right now when money is shifting out of the
ag sector.

However, I still do think more stable ag companies are buys BG, ADM, AGU, POT
ect, but they need to be held for a longer period of time.

Thanks for all the help guys, first time user of this helps but I did not know
how to answer your replies, This was a trade that went in the wrong direction.
BUT after checking out the stock I decided it would be a good investment, never
expected the pullback to this degree. I was too shy about POT over the past
year and feel this is my chance to get in this sector witha similar play. Any
opinions on IPI?

Sooz, I would hate for her to hold on for the wrong reasons. Its the hardest
thing to do is to admit you got it wrong. I would rather her get out of it and
prevent further loss and get it back lower. If it goes back up then buy it
back. With a few clicks of the mouse she can get out/in with ease. I just
think, if its a trade, then get out. If an investment then scale in on the way
down. I don't want her to lose more than she has to, that's all. She has to be
honest with herself to and ask why did she get in. Trade/Investment?

Your advise is so valuable...you would just hate for her to sell(out of
panick...seeing red), and then it pops back to green...
It is a rough week for the whole sector...and she will get her original
investment out if she just holds on...
That is all I'm saying...:)
Susan

Sooz, I'm just saying this from discipline. She still hasn't answered the
question. If it was a trade, then the rule still applies, get out quick save
your $ to fight another day or when this goes lower. Don't let it drag you.
This is a rule that I follow to a T. My trades are just trades.