Hamilton's E-Wave Analysis

MON, Monsanto

mon june 2011

Monsanto looks a lot like Microsoft, both have an extended consolidation period at the lower end of their range and both have underperformed much to the surprise and chagrin of their respective investors who , no doubt, thought it was a slam-dunk. For Monsanto this is all the more surprising since peak-oil is finding its counterpart in peak-food and half is Googling Malthus to find out what that fellow had to say about the matter a few hundred years ago.  I think the chart is very instructive in what it has not done. If there was any truth in any of this it is rather remarkable that the stock has only regained about $20 to date after a drop of $100 . This has been dead money and given the many ambiguities the chart presents it may just be smart to step aside.