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Friday, October 11, 2013

ENV

ENV has been on my price relative watch list for several days, so I should have seen it hitting the 50dma a couple of days ago, then bouncing off it. When I noticed it this morning, I assumed it was on earnings, so I figured I didn;t miss it because I don't buy right before earnings. It wasn't, it was a secondary offering, so I missed a perfect entry point here in a very strong stock. Watch lists don't do you a lot of good if you don;t actually watch them.

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