MON Room To Run

In this post  I talked about diamond tops and that some are not "tops", but merely consolidations before another move higher.  I recommended MON calls which are now up 200% or more.  Taking a step back and looking at MON's long term chart, you can see it has retraced 61.8% of the 2008 high with many other indexes already having surpassed their highs.  I believe MON will have room to run............and I'm sticking with it.  Take partials along the way.  $109 was my original stop - now up to break even.

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