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Re: northam43 post# 9028

Monday, 01/22/2007 12:33:22 PM

Monday, January 22, 2007 12:33:22 PM

Post# of 31925
I still think we will be higher in a week then where we are now because it is a retest of break out only, so I am going long here @ 43.55 with protection of equal amount of 43 Puts this is 1-4 week trade. Target is 44.80 area after 44.05 trade will be profitable, max loss scenario is 2% 55 Cents + loss of premium on puts.
Other way is to go long and put a stop @ 42.80 but they can run stop in short term. This pattern will have high probability if we close above 43.80.
JMHOP. Do your own D/D.
Good luck.


Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

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