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S&P 500
5,870.62
(
-1.32%
)
US TECH 100
19,931.60
(
0.35%
)
Dow Jones
43,444.99
(
0.00%
)
Brent Oil
71.29
(
0.82%
)
Bitcoin
90,721.67
(
0.96%
)
Post# of 114833
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dmlabuda

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dmlabuda

Re: blademan post# 11437

Monday, 06/13/2011 12:49:54 PM

Monday, June 13, 2011 12:49:54 PM

Post# of 114833
$0.02 might not be the bottom, I never said it definitely was, I believe I said likely. The reality is that the market will turn around when enough bulls believe the price is so cheap that they can't lose on it. It also depends on the short sellers deciding to take profits. The best thing to do now, is wait for another market signal of what is going on. Or, you could just act on your hunch that this support at $0.02 (or lower) is the best place to buy. I would rather wait now and look for firm support and a clear buy signal.
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