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Politics : High Tolerance Plasticity

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To: excardog who wrote (1703)	3/15/2001 5:50:41 PM
From: kodiak_bull	Read Replies (2) of 23153

Trading NBR? Well, I don't know. I enjoyed trading it in the channel from 54 - 61, but with the general market shakes and OSX looking vulnerable, maybe you can pick this on up on a dip to 48-49 before the dust clears. I still think it's a $75 stock this year sometime, but that doesn't mean it won't trade well for you several times. So watch the charts and see if you have the conviction that it will go to 48 this time, then I'd look to trade it 48 - 57 or so, then, if things are good, back to 54 - 61 maybe one last time before the big push. For the moment, I think oil stocks look like good traders on the short side. Good luck, Kb

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