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Wednesday, August 13, 2008 2:41:57 PM
But... more time here (if it stays here) = bigger breakout in the future.
Oppenheimer is just waiting to get more cheap shares (spoken like a true pumper, I know but it's all a part of that hmmmm thing)
The last 8 days have traded in a pretty tight channel with pretty steady volume. Potential new pattern emerging?
Did you look at the triangle chart today? We wanted it to ride the support side of the support trend. It's only 2 days in the making but so far PPS has crossed to riding the support side of the resistance trend. (opposite side of the trend it rode down last time) Maybe support will come from the 200MA around $2.95 - $3.00 but a cross below the aforementioned trendline is an invitation to watch the shorts have a party, then we wait and buy the bottom.
Still holding on to the weekly pattern but that allows for $2.75 or so imo. Really need the $3.50 - $3.65 to start happening.
If you're not living on the edge, your taking up too much space.
If you're not living on the edge, your taking up too much space.
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