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Strategies & Market Trends : Guidance and Visibility

AAPL 271.79

+0.6%

2:10 PM EST

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To: Jane4IceCream who wrote (208637)	3/20/2012 9:23:14 AM
From: SirRealist	Read Replies (1) of 208838

With housing data in and Bernanke speaking later, I don't expect SQNS to run straight uphill from here. It can dip to 2.67 (its bottom Bollinger band) before it begins to run. A close around 3.27 on increasing volume is likely to make it run above $4 short-term. A dip below 2.50 would mean abandon ship. I plan to buy the pullbacks likely this week. Once it closed the December gap, (in January, on its last earnings run) it looks like the bottom was in. (Btw, I'm developing more of a preference to play biotechs that are still unprofitable. They just seem to run further faster despite their capacity to have nasty surprises as trial results come in. Perfect swing traders, not for longterm marriages.

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