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Biotech / Medical : Biotech & Pharma.T.A,

BIB 76.73

+1.7%

4:00 PM EST

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To: Jibacoa who wrote (2162)	1/17/2008 10:48:20 AM
From: Jibacoa	Read Replies (2) of 3722

MON says that its Biotech is just beginning.<g> It told its shareholders yesterday that record profits in 2007 are just the beginning, with growing acceptance of genetically engineered crops expected to have new business opportunities for next decades. But the stock continued its drop from yesterday, starting today with a DG, going through the support at the $110 level as it seems to want to test its next support at $100. <g> The stock is down 11.11%, (albeit that could be a lucky number.<g>) with volume now getting close to 6M & above its ADV. bigcharts.marketwatch.com MON wans to unlock the power of genetically engineering plants. In the 90s its blockbuster products were Roundup Ready crops, which contained a gene that made them resistant to its herbicide, which made it easier, and cheaper, for farmers to control weeds. But now MON says that by 2010 it plans to release a strain of corn with eight engineered traits. In spite of its high PE, with its +CF around $3, its 4Qs of better revenues & its better EE for 2008 & 2009, it seems that MON will be able to resume its UT that remains intact since it started in 2004 from the $15 level.<g> bigcharts.marketwatch.com Bernard

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