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Friday, December 18, 2009

Trade - SQM

It consolidated from its resistance level (40), and I think part of its weakness is on the back of POT's weakness. I entered an initial position here, as I think it is on track to rally past 40 in its next leg up.

Keep in mind, SQM is on the heels of two very big areas of growth spanning the next decade: 1. agriculture and 2. alternative energy (lithium producer)

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