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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: Schnullie1/9/2006 12:26:02 PM
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Prof D. Bum,

SIMG has been on a tear during the last week or so, going from $9.50 to $10.50 on increased volume. There was a clear inflection point on the share price 6 days ago.

I'm in the stock because I think some of their electronics will be incorporated into a bunch of new products over the next year or two and their profits will go through the roof. However, I'm debating whether to take 1/2 off the table here and try to buy back in lower.

I suspect the chart speaks volumes but unfortunately I am not conversant in this language. Can you please translate. In any event, my sense is that SIMG is an excellent candidate for trading.
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