The weekly chart of Monsanto, below, indicates a stock ripe to break much, much higher if it can clear $106.
This recent piece of legislation helps them [even if it poisons us ;)].
Slipped into the Agricultural Appropriations Bill, which passed through Congress last week, was a small provision that’s a big deal for Monsanto and its opponents. The provision protects genetically modified seeds from litigation in the face of health risks and has thus been dubbed the “Monsanto Protection Act” by activists who oppose the biotech giant. President Barack Obama signed the spending bill, including the provision, into law on Tuesday
Since the act’s passing, more than 250,000 people have signed a petition opposing the provision and a rally, consisting largely of farmers organized by the Food Democracy Now network, protested outside the White House Wednesday. Not only has anger been directed at the Monsanto Protection Act’s content, but the way in which the provision was passed through Congress without appropriate review by the Agricultural or Judiciary Committees. The biotech rider instead was introduced anonymously as the larger bill progressed — little wonder food activists are accusing lobbyists and Congress members of backroom dealings.
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haha ! Glad to have locked in the gains, but maybe I sold too soon 🙂 I mean that only jokingly, it was correct to lock in when I did over 100.
Government always looking out for their best interests…err…us I mean.
Well, perhaps we can all buy Monsanto stock, and if it rises, maybe our profits will help us to pay for our medical treatments for illnesses we get from eating genetically modified foods, which are almost never labeled as such.
If there ever was an argument for overturning the Citizens United Ruling, and getting campaign finance reform enacted, this sure is it.