September 20, 2007
Stock Du Jour (MON) & Random Observations
Nice solid morning then a blast of selling right around 2 PM which later reversed, closed decently. Probably a tricky day where most morning longs were stopped out for a scratch in the afternoon.
Notable New Lows: Qimonda (QI).
Notable New Highs: MS China A (CAF), Overstock (OSTK), Sohu (SOHU), Yingli Green Energy (YGE), Posco (PKX), Sunpower (SPWR), LDK Solar (LDK), Gamestop (GME), Autodesk (ADSK), Monsanto (MON), Schlumberger (SLB), Nokia (NOK), Baidu (BIDU), and Freeport McMoRan (FCX).
I’ll feature a monthly chart of Monsanto (MON). Given the trouble of “roll” when investing in an agricultural commodities ETF, does it make sense just to buy Monsanto instead?
Cat: | Time: 8:47 am (utc+8)
September 21st, 2007 at 1:57 am
or DE? POT?
September 21st, 2007 at 8:12 am
yin: Right, you could make up a portfolio of agriculture-related stocks instead of monkeying with negative roll yield.
September 21st, 2007 at 8:50 am
[…] Here’s a quarterly chart of Potash which gives you some long-term perspective. As commenter “yin” suggests, this is another good stock to add to your “agricultural plays” portfolio. […]