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Wednesday, July 09, 2014 11:59:34 PM
While chart reading has its place I believe that what we are seeing here is BBRD correcting itself from being undervalued to coming closer to its true value. This has caused the RSI to go above 70.
A little DD into the health of the BBRD stock and the magnitude of the merger trumps the RSI imo.
Its never a bad idea to include the chart in research but I wouldn't recommend passing over it simply because of the RSI without doing more research. If you dig deeper you may change your opinion. If not you are welcome to watch from the sidelines.
(these comments are posted towards all, not directed at jack btw)
$BBRD
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