Monsanto - Long Term High Appears To Have Been Reached

March 22, 2008 10:57 PM

I have warned against being long MON for quite some time. The short/get out point was up near $120, as I mentioned several times. I am not sure if it is going to plunge here or not, but it is certainly a possibility. The new reference point to be short appears to be $113.71. If it gets in that range again, expect selling pressure and or shorts.