Charts of Interest

Terra Industries (TRA)

Baidu (BIDU)

CF Industries (CF)

United States Steel (X)

Visa (V)

United States Oil Fund (USO)

United States Gasoline Fund (UGA)

Sandridge Energy (SD)

Potash (POT)

The Mosaic Company (MOS)

Fording Canadian Coal (FDG)

Alpha Natural Resources (ANR)

Trades

Right before the close on Friday I placed a few trades. Here they are (all long positions):

Visa (V) @ 82.29

The Mosaic Co. (MOS) @ 147.97

Potash Corp. of Saskatchewan (POT) @ $228.24

United States Oil Fund (USO) @ $113.86

United States Steel (X)

Research in Motion (RIMM)

RIMM looks very attractive

USO

Yesterday, 6/10/08, I got stopped out of USO @ $106.83. I bought @ $112.46 and put a 5% stop on it. Will wait for another buy point.

Fertilizer's Look Primed and Ready

CF Industries (CF)

Terra-Nitrogen (TNH)

Potash of Saskatchewan (POT)

Intrepid Potash (IPI) - recent IPO

The Mosaic Co. (MOS)

Agrium (AGU)

USO & UGA Charts

United States Gasoline Fund (UGA)

United States Oil Fund (USO)

USO

Yesterday, 6.6.08, I bought 18 shares of USO @ $112.46. After a long rest, crude oil finally rose to its feet. We'll see if it has any left in the tank. I'm also keeping a close eye on UGA. One analyst from Morgan Stanley issued a prediction for crude oil to reach $150 a barrel. Right now it looks like the question is just a matter of time.
The reason for the $10 a barrel jump in the price of crude yesterday was mainly due to the geo-political factors between Israel and Iran. Iran is working on developing their nuclear weapons, and Israel said that if they don't shut down all nuclear operations that they will pursue military action. If Israel blocks the Strait of Hormuz then we could see oil prices skyrocket. 25% of our oil comes through this Strait. If that happens then crude oil prices could go upwards of $250.

It has been a very long time since my last post. I took a new position at work and all my time has been devoted to learning the ins and outs of this job. Its been pretty demanding but I'm starting to get the hang of it. I have made a few changes in my portfolio. I sold RTP @ $501.32 and GFA @ $39.02. Both unfortunately were disappointing losses. On 5/21/08, I bought 20 shares of Sandridge Energy (SD) @ $50.74. This is currently the only stock in my portfolio. I should be getting back into my research shortly.

Chris