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Symbols!

by The MoleApril 9, 2010

I am trying to find an equal amount of short and long plays but it’s actually tough to find really convincing long victims these days.

Alright, I admit this is an early call but I have a feeling it’ll get there. By all means wait for it to get to 32.50 – then go short with a generous stop one daily ATR higher.

LNN tried to run but got slammed back down. While they’re changing the tires on this thing keep an eye on the 39 mark – that’s where I would risk a long trade.

Same story here. When the market is overbought like this I never ever dare to chase. Wait for a retest – if it comes grab some of that Monsanto goodness.

UPDATES:

We did get a good entry on CF and thus far it’s staying with the program. I’m seeing a floor here but keep your stop below 90 just in case.

Sweet mercy – CHK does love to move – what a ride. If you’re long this thing (I missed the entry by a day) then keep holding it. Thus far I don’t see any alarm signs and your target should be 26ish.

Cheers,

Mole

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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