Bookkeeping: Adding to Monsanto (MON)

Unlike some stocks which are now looking completely egregious - yet still have people chasing after them as if there will be no stock to buy ever again after today, see these punks for example...




I feel more comfortable with stocks that make a nice move, consolidate, churn a bit, and then start a new leg up... this seems to be the case with Monsanto (MON) after resting for 2.5 weeks.  I don't see much resistance until mid $64s so I'll throw on another 1.8% exposure to my 2.4% I already have.


Game plan with this one is to sell material exposure if and when mid $64s is reached, and if the stock is strong enough to just burst through, get the shares back I sold and keep riding it. 

Long F5 Networks, Monsanto in fund; no personal position