Tuesday, March 25, 2008

The Ag Gap

I sure am glad I decided to wait for more of a bounce to short ag. Geez. All of the ag stocks are making big moves based on this headline, "Monsanto ups profit view on corn, herbicide strength," and a few other headlines.

I'm going to take a step back and just watch ag this week. The overall pattern is still toppish, but today's gap over resistance puts this theory in question.

1 comment:

GUNNERS said...

MON screwed me today, as I was short. i just read down your posts and noticed you mentioned the other day that you were thinking of reloading the short on MON. i hope you didn't.

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