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Thursday, October 01, 2009 12:27:37 PM
I don't see shorting ETFC as a viable option. Why bother with all the buyout rumors etc.
$1.70 has been broken for now and with the employment report tomorrow I suspect the market in general will head lower from here, taking ETFC with it.
We'll see. Next support if it does head lower is between $1.50 and $1.55 which isn't all that far away now.
The trading between 2-4PM today will set the tone for tomorrow.
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