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Short Term Bottom in Stocks Developing

(A little early but market’s at emotional extremes and margin liquidations are taking place)

Certainly a short term bottom but hardly anything else. This market is in deep … Anyway, for now minimum 5% – 10% bounce to be expected in general indices. Severely battered former fliers could rally as much as 50% to 75% but only if you take the profits.

Names to watch:

FCSX, HTE, FTO (refiner, short later), CSUN (not yet, panic coming), ESLR, ALVR (30%), CBAK (l/t accum), HIMX, HTE, CQP (not LNG, this one is secured with some assets and cash flow, pair anyone?), QID (yes that’s right, figure it out), SOHU (short?), SPY

Happy trading. More later. Research now.

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This entry was posted on Tuesday, July 1st, 2008 at 9:48 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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