Waiting On The Day

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August 6, 2008

I may or may not nibble on some longs. I’m having a slight change of heart only because yesterday was such a good day why ruin it with a forced trade right? Maybe wait till the close to be a buyer. I’m looking for a low range / high consolidation day today (open and close are not far apart from each other while price action remains at the high end of yesterday’s candlestick). If that scenario unfolds I’m a definite buyer at the close. I’m not ruling out though buying this morning completely and may do so by 11 am.

BTW LLNW and RTK moving today. I no longer own LLNW, but its the same story as PWAV. Out too early. I still have RTK on a rebuy, and that thing looks real nice for further gains.




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