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Tuesday, October 19, 2010

SHZ


SHZ is part of the "rare earth elements" mania that has gripped the market for about a month now. Otherwise it has nothing going for it, as it was rangebound for over a year, with a very stiff resistance level at l.65 and very low volume. All that changes recently, and it broke out today on huge volume. I did not see naything that was a catalyst for this move, but at 3.5 million shares in the float, it doesn't take much.

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