Bookkeeping: Short Monsanto (MON)

Almost every Monday morning of the past year and a half we open strongly to start the week; just my luck the one time I want to play the nonsense trade it does not work.  Darn Europeans and their bank issues.

Last week's euphoria stopped me out of the 2 remaining individual shorts I had so I am going to take a stab at Monsanto (MON) which has bounced back with the market, after its earnings "narrowing" of guidance.  It has filled the gap upward, and now sits right below the 50/20 day moving averages.  This is a binary outcome - either it is going to break through or not.

I've shorted with a 2.4% allocation at $56ish; my stop will be over last week's highs i.e. $57.50 - which would trigger a loss of less than 3%.

Short Monsanto in fund; no personal position


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