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A global provider of agricultural products for farmers.
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seabass6251 (34.59) Submitted: 3/12/08 2:32 PM : Start Price: $106.62 MON Score: 17.46
MON has been in every fund manager's portfolio for good reason, but fund managers are inherently ignorant of natural market movements, so caution needs to be observed. MON has strength at the $100.11 level or slightly below...3 points below to be exact. You can take a position there with relative limited risk and large potential (the reason fund managers are ignorant is actually this risk/reward, but who am I to say). IF MON holds this level, you can easily take 30 to 40 points out of it in a few months. If $100.11 level looks good, put stop losses under your entry price by $3 when you take the position. Notice fund manager lackeys that I'm willing to risk $3 to make reasonable 10 times that. It really doesn't work the other way around.
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