I sold POT on Thursday on the threats of a strike, which could affect 30% of production. Too bad this news came at the same time as their quarterly report...which was a terrific report. Given the macro climate, I felt there was more risk to the downside short term. Who knows how long the impasse could last between management and labor?
I expect some weakness on this name, and the chart isn't looking the greatest anymore either...could be rolling over on a double-top. I do not expect this, but I am just being cautious since I am a rookie. I still like the name, but am waiting to see what happens.
War is the new black?
17 years ago
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