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Re: Traderfan post# 955

Thursday, 01/21/2010 6:23:34 PM

Thursday, January 21, 2010 6:23:34 PM

Post# of 3179
All depends on your timeline my friend.

I recall the joke about why Tiger fired his longtime caddy when he first went pro. (The joke was that the caddy would always quote Tiger distances in 5 yard increments, and when Tiger asked why the caddy wasn't more specific, the caddy replied "Because I just don't think you're THAT good.")

I think 2.20 is great, and 2.30 is great. I think we were looking at a retrace before it became clear China was going to have to pour some water on the economy, before Obama took the Massachussetts election results out on the banks, and before people got the jitters this week about the sky falling, again.

Either way, I'm confident we're going to $5.00 this year using a conservative PE.

CKGT isn't marginable in my account so if you can buy it on margin and .10 or .20 per share makes the difference, I'd say use cash, but that's just me. Good luck to you.

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