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Tuesday, December 27, 2011

CALM

There was only one stock I know of that reported this morning, and that was CALM. This was a leading stock a couple of years ago, fell on somne hard times, but may be in the midst of a comeback. Today;s breakout attempt cam on low relative volume, and the close in the lower half of the day's range indicates a lot of profit taking. The price relative line here is not terribly impressive, indicating this was not a very strong stock, and was a pretty good indication the breakout attempt would fail.

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