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Alias Born | 05/18/2013 |
Tuesday, May 19, 2015 11:03:01 AM
Many are seeing this big run up yesterday (with follow up today) as an opp to sell into strength. Many retailers are hurting financially, facing foreclosures, mounting credit card debt and bills, etc. and need to sell positions now to raise cash. Sad really, because this is going so much higher soon, but you do what you have to do.
Once the weak hands are cleared out I expect another leg up, with strong action again at the close today. Same pattern will continue until most weak hands are gone.
Much higher sp coming soon. Hold on if you can, sell if you need to.
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