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10/31/2008

Another Non-Keeper

There are a few longs which were simply opportunistic fish-from-the-bottom sorts. For instance:

Could it go higher? Of course it could. But the volume is pathetic, and a quick 25% pop in a few days up against a downward trendline is good enough for me. I'm out; and I provide this as an example of a very short-term trade, as opposed to many of these longs, which are multi-week keepers.

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