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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: dlu who wrote (35547)	12/21/2001 12:30:10 PM
From: Johnny Canuck	Read Replies (1) of 69653

PVII, one of our top January Popper plays, saw an 1000% increase in volume today as buyers moved into the stock in the last hour. The seller who has been holding the stock for the last week or so continued to do so again today, dropping the stock below the $2 level mid-morning and stealing some stop loss shares. Buyers showed up late in the day pushing the stock to its day high before the seller walked it down into the close. The stock closed unchanged at $2.01 on 195k in volume. Average volume for PVII is 20k a day. Keep an eye on PVII. The stock popped 240% this time last year and averages 91% over the last three January’s. Trading action here appears similar to our Thanksgiving play, SATH, which was manipulated around the $2 level for 3 weeks before jumping 50%. PVII chart to consider: stockcharts.com[h,a]dhclyiay[pb15!b30!b50!b200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Lk14!Lg] hrrp://www.buysellshort.com

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