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PennyScalper

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PennyScalper

Re: MarginMagic post# 7442

Sunday, 03/04/2012 11:48:56 AM

Sunday, March 04, 2012 11:48:56 AM

Post# of 13136
No, Muskett is correct. As of right NOW, it's a pure gamble. If APS gets behind this pig, up and away we go. If they don't, then we all eat 50% from these levels. Once a promo starts, THEN you can use charts to pinpoint your support and resistance levels as we climb the ladder.

I get what you're saying about trading wisely and using charts - I'm a self-proclaimed chart-a-holic! But in cases like this, where everything hinges on being promoted in the immediate future - charts are off the table.

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."

- Mark Twain

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