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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (7529)	1/29/2006 6:43:11 PM
From: chowder	Respond to of 13449

Re: STJ ... >>> Is there a play in STJ? <<< ........... Yes. It's a high risk, low probability play though, as opposed to a low risk, high probability play. With price now below the 50 day moving average, the 50 dma may serve as resistance to the upside. So, you've got about a dollar's worth of upside and a lot of overhead supply probably waiting to come to market as this past week's price action more than likely caught a lot of people off guard. Not a very good reward to risk ratio, in my opinion. If you want to bottom fish, look at LDG. I'll be presenting a set up this shortly. stockcharts.com[h,a]daclyiay[d20051027,20060127][pb20][vc60][iut]&pref=G dabum