Friday, September 03, 2010

Closed Out Potash

I closed out my position in Potash Corp. of Saskatchewan (Ticker: POT) today at ~ $149 and change yielding a 1.81% return over a 16 day period (40.73% annualized return). It’s a big transaction and China is meddling into the action. This deal will take a while to close and there is a bit of uncertainty as to how China will act. Right now, I’m just solely focusing on the Genzyme (Ticker: GENZ) / Sanofi-Aventis (Ticker: SNY) play.


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