Sold Agrium (AGU.TO)

October 21, 2009

Sold all of 20 shares of Agrium (AGU.TO) for $59.10 per share.

The shares were bought for $45.74 on June 28, 2009 (details).

Reason:  Agrium is a great company, no doubt about that.  I would definitely buy back into Agrium at a lower price.  I just believe, with my own personal intuition, that the resistance price for Agrium is roughly $60/share, and I also can say that it will only rise about this price once the whole economy has risen, or if it makes big news headlines like “Agrium takes over CF Industries”.  Otherwise, its a sell, and that’s exactly that I have done here.

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