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Tuesday, January 3, 2012

FNLC

FNLC was one of very few stocks that hot new highs and then did not promptly collapse. This is probably a little extended here, it would have been a much better entry when it came back to test the prior breakout point. However, it did get very good relative volume today ("relative" being the key word, this normally trades on vapors), but the price relative line is a little weak on the breakout. I got a little impatient and picked this up in Market Watch game, but ordinarily would stay clear of this.

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