Web Extra: Burned By Potash
A long position in Potash looked like a hot trade but all it did was burn. So how is Joe Terranova trading this stock now?
The Liquidator made the fateful call on September 8, thinking that international demand for the fertilizer would be robust.
"You never want to fade something China needs," he said. "And China is short of Potash. I think this space continues to outperform the S&P."
Unfortunately since Terranova made the call, Potash went down and the S&P went up. Not the move he was hoping for.
So what does he have to say about this stock now! Find out in this web extra. Watch the video now!
This content is only available online - you won't find these trades on TV.
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CNBC.com with wires