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Re: frodo_1978 post# 5044

Monday, 04/25/2011 2:49:28 PM

Monday, April 25, 2011 2:49:28 PM

Post# of 19899
based on all the research that this board has provided, we already know that this merger is a done deal. It actually be beneficial if the merger were announced next week, just from a chart standpoint in order to maxamize the potential rise in the stock. For instance, many technical traders trade off of Oversold/overbought RSI reading. Most use the default 14 day period. If we can hold these levels thru the end of the week, it will smoothe out the RSI, because it spiked over 70 on the daily chart after the run up two weeks ago. By the end of the week, this spike will not be factored into the spike because it will be out of the 14 day period, therefore any future spike will have that much more room to run becasue the RSI has smoothed out. It will be healthier for a truely long term run. The Weekly chart cannot get any more gorgeous, the the weekly RSI is just over 50 and looks like it could run forever, it looks like it just wants to go parabolic so bad. This stock has potential to make many on this board retire. Get ready folks, this is only round one. GLTA

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