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Biotech / Medical : AutoImmune-AIMM

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To: Pullin-GS who wrote (155)7/15/1997 11:42:00 PM
From: TATRADER   of 298
 
Paul, the key is follow-through....If there is not a lot of overhead, I try to buy the day after the breakout 1/16 above the breakout day high...(stocks under 5.00)Many times penny stocks will move up only a bit higher on the day after a breakout, before they pull back with a vengeance...Thus, I will not enter the water until the stock proves to me it has followthrough power...Once my buy is triggered, I will set a sell stop just below the breakout day high....I feel we are preparing ourselves for an expansion breakout on this stock...Fasten your seat belts....Regards, Mark
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