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Re: WSD post# 9544

Tuesday, 12/14/2010 1:10:59 PM

Tuesday, December 14, 2010 1:10:59 PM

Post# of 12368
It looks like it is consolidating around the 4.75 mark for next run up. Given that the 52 week high was 5.07, we're not that far away, so I'm guessing minimal tax selling if we get anywhere near 5 by Xmas. Also, once it hits $5 I expect a number of mutual funds to buy in as some do not invest in under-$5. Also, a lot of retail brokers can't recommend stocks under $5 to clients. If there is another quarter of dcent profits, I imagine we do not see sub-$5 after January.
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