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Jun.18
8:46 PM ET
Thursday, 18 Jun 2009
Cramer: Sell This Seed Stock
Posted By:Tom Brennan
Topics:Agriculture | Stock Market | Stock Picks
Companies:Sociedad Quimica y Minera S.A. | Syngenta AG | Monsanto Co
 |
] and Sociedad Quimica [SQM
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].But in just two short days an equal number of technical analysts have slammed Monsanto. One thinks this $82 name could drop as low as $70, and the other predicts the stock will be cut in half. This forced Cramer to pause. Back when he was running his hedge fund, such an occurrence – two chartists giving his favored company the thumbs-down – usually meant there had to be something wrong. So he went looking for a reason to sell.
This time is no different, and he found a few. Watch the video from Cramer’s breakdown of Monsanto and find out why you should sell this seed stock.
Call Cramer: 1-800-743-CNBC
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COMPANY : Sociedad Quimica y Minera S.A.
COMPANY : Syngenta AG
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