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 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.
Senior Managing Director
Sabrient Systems, LLC
MON STRONGSELL 51.2 Large-Cap 41 36 11