Sabrient Select Opportunity Virtual Portfolio
July 19, 2010 – Sell Short MON
The market is giving us a relief rally, but likely has more downside to come. I’d like to add another short position, selling into the market strength.
Monsanto Company (MON) is a worldwide provider of agricultural products for farmers. It carries a STRONG SELL rating in the Sabrient Ratings Algorithm, a low Company Outlook Score of 4 (out of 100), and Value score of 36, Growth score of 37, and Momentum score of 15. It has badly underperformed the S&P 500 over the past 6 months, but has seen a bit of outperformance over the past two weeks. Today, after showing initial strength, it has settled into negative territory near its lows. This looks like a good spot to short it.
I am adding it as a Short position to the Select Opportunity Virtual Portfolio at a price of $55.55.
I’ll keep a tight mental stop of a closing price above today’s intraday high around $57.00.
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Ratings Report
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SABRIENT SCORES
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| MON | STRONGSELL | 51.2 | Large-Cap | 41 | 36 | 11 |
Best Regards,
Scott Martindale
