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Post# of 58658
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SynthTrader

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SynthTrader

Re: Masked Superstar post# 43100

Friday, 03/12/2010 9:26:28 AM

Friday, March 12, 2010 9:26:28 AM

Post# of 58658
I was a bit leery of PDGE yesterday when it bounced. It seems we've seen a couple fake breakouts lately. I mean, sure, it's nice to make money on those too, but I'm always worried of a sudden drop. Think HLXW or TGGI where it jumps up a big percentage, then drops right back down because the chart wasn't ready. Looking at PDGE, it seems the MACD and PPO have a long way to go before the "big bang". Maybe the hype can force this thing out of the pinch. I'll keep watching and jump in if it doesn't come crashing back down after this morning's action.

http://stockcharts.com/h-sc/ui?s=PDGE&p=D&yr=0&mn=3&dy=0&id=p37026663695

Maybe I should plan for an early breakout attempt on these tight pinchers? Plan to buy in early, sell the breakout attempt, then buy again for the later breakout?



I'm not a promoter or broker-- just a regular guy who likes to trade stocks for fun and make some extra cash. Do your own DD.

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