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Re: read_this_n0w post# 2541

Tuesday, 07/11/2006 11:23:46 AM

Tuesday, July 11, 2006 11:23:46 AM

Post# of 6488
Not a TA expert but fwiw...
I am not convinced weve broken the downtrend until the 1.13 is tested again and we could very well see it played by the pro's to test a buck. Last Sept-Nov saw a nice base built and IMHO will be our ceiling until we stablize with
1. sales growth and market share reports
2. litigation success and/or
3. volume capitulation.

I would love to be convinced that 7/5 was the capitulation because I want to add more...though I'm now averaging down. First shot of good news and I beleive we'll head straight up to the 20 DMA as we have done before(around $1.43 now).

I am very greatful that I was on vacation last week so I didn't have a meltdown. Thank you to all who have posted here since with some very somber,sober and realistic insight regarding recent events.

Long and glta
S




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