TNH - Waiting To Add To Positions

Although TNH still needs to decline 2 more days before it confirms it is in a corrective mode, it always pays to try and be one step ahead.

Look to add to the long positions on a retracement of this first leg up.
The blue lines on the chart below should offer you some guidance.

The true upside potential of Terra Nitrogen is truly staggering and as I have stated before, if you thought the move from the low 20's to 140 was big, just wait for this next leg up to get started full force.

For those of you who do not feel comfortable buying into a limited partnership, which is what TNH is, there is the stock of the parent company TRA Terra Industries that is always an option.

Although TNH has offered better returns on its capital appreciation and the rich dividend, some people just feel more comfortable owning the actual equity. Long Term options are also an option with TRA as well.

Either way you slice it, both TNH and TRA should offer some stellar returns in the not so distant future.