Stock trading logs. The purpose is to log trades and learn from mistakes.
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Friday, October 8, 2010
MON- Monsanto- Is it ready for a big run? Is it turning around?
MON- MONSANTO- Is it a good buy? Highly respected, and hated at the same time, Monsanto chemicals stock has fallen significantly over last many months from a high above $140. The stock has one rebound over last few months. Then it dropped again. Over last 3/4 days, it has two strong REVERSE (BUY) Signals. This is also a higher bottom. Seems like a nice trading opportunity with stoploss at 46.50. For investors, looks like a game of 6 dollars loss vs $ 50 profit potential. Good buy with a stoploss at $43.