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Saturday, November 21, 2009 11:03:53 AM
I've been looking at real cheap stocks that I think have some potential with a big announcement and such. And each day I've been putting in a limit buy right at or close to the support. My thinking is that if it stays consistent, I can catch it on a dip and sell on the next jump. If it doesn't go that far down, no big deal and I wait until the next support or another stock interests me. Is this part of the technical trading theory?
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