Saturday, May 3, 2025

Disastrous Impatience

I was hoarding a lot of ICL stock for years. It was my most loved stock, ever since Mr Doyle organized a world cartel and pushed potash prices to heaven.  Ten years or more. But Doyle retired and potash stocks never moved, and their perspectives were not improving, as Canada was opening new mines and Australia, too. I lost faith in potash. 
Last month I sold most of my hoard to help my daughter purchase an apartment in Yokneam. 
I should have waited. Unexpectedly, President Trump imposed high tariffs on potash imports (among other items), causing enormous tension in the USA potash market. Prices on the NASDAQ and TASE are starting to move and climb. 
In all probability, I missed the bonanza. 




 

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