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ryall12

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ryall12

Re: JimsZ post# 39

Thursday, 12/23/2010 9:49:57 AM

Thursday, December 23, 2010 9:49:57 AM

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quite a roller coaster this morning... key number is 3.80/5 then its off to the races. was hoping it would break today as i wanted to move some options/convert some before next week. but if i have to wait i have to wait, really want this over 4 before doing so.

the only issue is the hourly is a bit overbought due to the move to this level. it is resetting while we climb so it may stall around here until monday/tuesday when it should be at a bottom and ready to push back up along with the daily. but weekly is already turning up and monthly may very well be by the end of next week. closing the month over 3.85 should do it and i think it will. that means extended run.
in fact i am going to change my order and sell less options to convert more with the profits they are bringing in. thinking this dividend will recover in time as well.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion

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