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Tuesday, March 22, 2011

Not much happening in the markets today. Except XING is finally making a move, and CHGS is up 49%

  • I'm still looking for a bounce, a retrace to $130.30 on the Spiders by tomorrow, I'm guessing.
  • I still have a slight bearish bias in the medium-term.
  • I hold SCCO, XING, VALE, short gold


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2 comments:

  1. AnonymousMarch 23, 2011 at 10:53 AM

    good things come to those who wait...nice work on XING...glad it came back for you. what is your gut feeling for your sell point?

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  2. yourfinancialbloggerMarch 23, 2011 at 1:33 PM

    HA! sell point...if only i knew when to get out while I'm ahead...without regretting getting out too late or too early...

    It's always wise to pocket some money. I still think this thing can run, although it might take a breather here.

    50-DMA was 1 target (reached), $2.80 is another, $3.40 is the ultimate target.

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