Monsanto (MON) : Valuation and Ethics of BioEngineering Message Board

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Non-Tech : Monsanto (MON) : Valuation and Ethics of BioEngineering

MON 127.95

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Jun 8 5:00 PM EST

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From: mparness	6/23/2008 10:33:13 AM
	of 40

MON - Earnings on Wednesday will dictate how MON fares here further out. I'm iffy on the sector as it looks toppy to me and if I have to take a couple AGs long they would be CMP and TITN and maybe IPI as a throw in. Keep in mind that MON has a history of beating and then trading choppy post earnings. Two quarters ago they totally blew out and the stock motored, but last quarter they "only" beat by 7 cents and the stock traded pretty choppily. These stocks have had a huge run up and it'll take a tremendous quarter to drive higher. Having said that, Window Dressing is a powerful trend and funds are still going to have to take these long into end of the quarter (next Tuesday, last day of June). So, I don't expect a significant pullback this week. Trend is your friend, so respect it! CMP, TITN and IPI seems like better bets than MON here, but $150 certainly isn't out of the question. Michael "Waxie" Parness

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