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Politics : High Tolerance Plasticity

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To: Gottfried who wrote (20121)	8/30/2003 8:27:34 PM
From: chowder	Read Replies (1) of 23153

Gottfried, I owned it during that rise. I sold it the second week after hitting 5.04. As it pulled back to consolidate, or form a base, I didn't know how far back she'd fall. Based on the rise it had, a 33% pull back would have been normal. I wasn't willing to experience that pull back. I was able to put the money to use elsewhere earning a profit. A good base takes at least 7 weeks to form. This one took six but, I didn't fight it. I'll be quick to lock profits in if the breakout shows any weakness. The only fundamentals I used was I knew the company had a better earnings report than previous quarters. That's all I needed to know, I suppose. Price and volume will tell you everything else that's important. dabum

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