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Friday, July 08, 2005 11:32:28 AM
I think we're just seeing traders who are taking some off the table, seeing what appears to be the inevitable (slow slide) unless something sparks a reverse here. Believe me, something will, but "when" is the question.
We may also be seeing some folks pull some off the table that possibly over-extended themselves in the short-term, hoping for a big quick pop (again). They see it didn't happen and therefore could be protecting themselves "just in case".
Just in case what? Just in case it takes more time than originally anticipated for this to move up, significantly (I'm talking making a run for a buck).
Let's face it, Hot-dog water for dinner just plain sucks! lol!!
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