Thursday, July 15, 2010

Bookkeeping: Restarting Monsanto (MON)

I mentioned the action in Monsanto (MON) yesterday being appealing; the stock continues to impress today ... rallying during the market selloff.  I thought a move over $56 would lead to the potential to mid $60s and we are now here at $56.  I am going to restart an exposure in this name with a 1.65% stake but since we are generally hostage to the greater market I'd like to see the S&P 500 clear 1100 before adding more. It's had a heck of a move without a rest so the main worry is it needs to consolidate a bit and I might be chasing a bit.

This is our first time back to the Bad Boy of Seeds since April 2009.

Long Monsanto in fund; no personal position


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