Thursday, September 8, 2011

UPDATED: Monsanto Under Attack By Superbugs, Disdain; Stock Stalls Below 10; 20; 50 and 200 Day Moving Averages (MON)

UPDATE: "Monsanto says corn rootworm resistance not spreading" (MON)
Original post:
The stock closed at $67.89 on Wednesday.
It appears that Monsanto is already being subjected to #5 of Alinsky's Rules for Radicals:
5. Ridicule is man's most potent weapon. It is almost impossible to counteract ridicule...
First up, America's Finest News Source:
American Voices
An Iowa entomologist discovered a corn rootworm that has evolved to be resistant to a pesticide produced by a genetically modified corn plant the Monsanto company developed to ward off that very bug. What do you think?
  • Uh-oh, you don't want to make Monsanto angry. Those worms had better get ready to have their asses sued off.
    Dan Holloway
  • You sure are talking up these rootworms quite a bit. Whose side are you on, anyway?
    Terry Tyler
    Meat Cutter
See also:
It's Spreading: "Monsanto Corn Falls to Illinois Bugs" (MON; SYT)
More On Monsanto's Creation of "Superbugs" (MON; SYT)
Major , Major Problem: "Monsanto Corn Plant Losing Bug Resistance" (MON; SYT) 

And a quick look at the moving averages, currently at $68.68, $68.38, $70.89 and $69 for the 10, 20, 50 and 200 respectively:
Chart forMonsanto Co. (MON)