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Politics : Welcome to Slider's Dugout

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To: Mrs. OMalley who wrote (6034)	8/16/2007 9:34:56 PM
From: SliderOnTheBlack	Read Replies (1) of 50359

Mattie re: BHP Hello Mattie, thanks for the kind words. BHP had been on fire of late and that's both good news and bad. It's sold off here on the strongest volume it's seen on a correction in two years. It's sitting right on it's 200 dma and has nice upside potential as a bounce back to it's 50 dma returns 25%. The problem is that it made such a strong move right up and into this correction. There's been a lot of support around that $35 level. Maybe put half of what you have available in here and save some dry powder for that low/mid $40's area where it's shown strong consolidation support - if this correction continues. As far as being a "best in class" play - I'd say these charts answer that... SOTB

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