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Friday, June 4, 2010

CMED

CMED, which gapped down on earnings this morning, has all of a sudden taken off to the upside. This is a very weak stock, so this may be a lot of short covering. I am in the process of retrieving the numbers, but the initial reaction was down, so I don't suspect they were very good. However, this could have reversed during the conference call (I have seen that a few times) and sent the shorts scrambling.

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