Options Investment: First Winning Trade in 2008

No other things will make you happier than watching your stock rocketed to sky high while Dow Jones Industrials Index tumbled 1.9%, NASDAQ lose 2%, and S&P500 was off 1.4%. This was exactly what happed to MOS on last Friday.

On Jan 8, I argued that the stock price of MOS will goes up even higher. On Jan 11, Mosaic shares hit a new high of $99.96, which shows that my analysis is quite accurate.

The stock price did go to as low as $83 on Jan 9 because of investors' over-reaction to the CFO's concern on the price of sulfur. As the fundamentals of MOS are very strong, I firmly believe that it will bounce back sooner or later. I waited for the moment to come. My patience finally pays off.

My trading on MOS is my first trade in 2008 and it is also my first winning in 2008, which is definitely a good start. I'll have more winning soon :)