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Cramer Makes Sense

By pennystockexplosion on Fri, 2010-08-20 11:17
(via www.pennystockexplosion.com)

Cramer opened the show with a theory about how the recent takeovers bids like BHP Billiton (NYSE:BHP) for Potash (NYSE:POT) show that some people still feel this market is too cheap. Cramer mentioned that mergers are up this year in relation to 2008 and 2009.

Potash Rejects All Cash Bid

By pennystockexplosion on Tue, 2010-08-17 13:00
(via www.pennystockexplosion.com)

Traders who were long the Ag space woke up Tuesday morning to a pleasant surprise. Potash Corp. (NYSE:POT) rejected a bid that was slightly less than $39billion from BHP Billiton (NYSE:BHP). Potash has traded over $145 in the pre-market, which is significantly higher than the $130 bid from BHP. It seems that Wall St. agrees with Potash’s opinion that the bid was far too low.