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Monday, June 21, 2010 9:30:58 AM
has taught me that Beacons, and other MM's trades, should never be bought !!!
They are pumping the stocks that they own, and they use their pumps as a method of getting suckers to buy the shares they want to unload after they've pumped it up to the levels they want to get out at.
So, I do pay attention to them, but only as a reference.
In CCTC's case, if Beacon is pumping it, it's good for me, and others who currently own the stock, because if they pump it up good enough, we can unload our shares as the stock is reaching the price levels we want to sell at.
In other words, SELL their recommendations, don't buy them.
Get it?
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