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Strategies & Market Trends : Strictly ..... Bottom Fishing
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From: chowder4/7/2007 9:33:50 PM
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GENR has been experiencing a severe Stage 4 down trend and for the past 2 months has seen price resolve to the upside. We have seen all of the supply from July 06 through December 06 taken out. There is a limited amount of overhead supply up to 85 cents. I would expect price to achieve this first profit target.

Longer term, the next serious overhead supply is up above $1.25. We may get there before seeing another decline.



Since these are Bottom Fishing plays, updated analysis will be provide to protect profits and/or minimize losses.
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