Tuesday, October 19, 2010

Back in Apple

Maybe it’s sellers remorse, but I’m back in Apple (Ticker: AAPL) today @ $309.78. All in all, it was a blowout quarter and Apple will continue its march higher. Valuation wise, this is a cheap stock and all it needed was to reset the expectations just a bit. I can’t see why this stock can’t go to $400 by the end of next year.

I picked up some Massey Energy (Ticker: MEE) today @ $37.74. The Wall Street Journal reported that the company is exploring strategic alternatives. We should hear of the company’s decision in November.

I still like Monsanto (Ticker: MON) a lot and nibbled on some more. Yesterday, the CEO of Monsanto, Hugh Grant, purchased 18,000 shares at an average price of $56.36. This is on top of the 37,500 shares at an average price of $52.06 he purchased back in July. Monsanto’s long climb up is just beginning.


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