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rjm77me
rjm77me vip
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rjm77me's Blog : DNDN IS OK AS TRADE - Not as investment

Date August 5, 2011  Edited: August 5, 2011    Comments Comments (5)    Rate this post Recommend This Post (258)   
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Author InvestmentMAGE     Date 2011-08-05 20:25:14 dead cat bounce Author rjm77me     Date 2011-08-05 21:20:29 AGREEDIT WORKS FOR COUPLE OF DAYS - my range is for 11.7 to 13.5 for next few daysVolume is huge = it is liquid trade and is not an investment..............................


 


InvestmentMage is 120% right - i will use it as a trade for 2 days then stay out


Rest is up to you as a trader or investor.  I consider it as a speculative trade only

Tags : DNDN  

5 Comment(s):

Author rjm77me     Date August 5, 2011 21:25 Abuse this post Report Abuse
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If it violate my 11.70 - just stay out or go short is all i can say
Author InvestmentMAGE     Date August 6, 2011 12:45 Abuse this post Report Abuse
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Hey rjm77me,

Thanks for noticing!

MAGE
http://seekingalpha.com/article/284994-buying-dendreon-on-thursday-s-plunge
Author rjm77me     Date August 6, 2011 13:16 Abuse this post Report Abuse
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If I read the article mentioned in above link - the author is buying in the plunge on Thursday.
I will personally wait 10 days and let the volume dry before considering as an investment. IFyou really want to be long term investor then wait longer time frame - wait for volume spike and a follow through day
Author InvestmentMAGE     Date August 9, 2011 01:01 Abuse this post Report Abuse
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I hope you made it out in time. I don't think I would try for another bounce in this stock for awhile.
Author rjm77me     Date August 9, 2011 11:02  Edited: August 9, 2011 by rjm77me Abuse this post Report Abuse
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It will bounce - last down leg was with market 1160 down in two days for real money safer bets are CSX, CNH
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