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Friday, October 7, 2011


RNOW has about the worst looking base for a leading stock, and the volume was low for a breakout, so this may end up pulling back in, but I had contemplated a buy on the breakout in price relative a couple of weeks ago. It has a sharp pullback after that, so I probably would have been stopped out, but had I had a loose stop on it I would be sitting on a pretty decent profit right now. Of course, I have no idea what the probability is on a trade like that, but this one might have worked.

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