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Tuesday, November 12, 2013

MPAA


One of my rules is not to buy before earnings, but sometimes, when I see a stock like MPAA pulling back just before it reports, I think it might be worth a gamble, especially since this was a prior high relative strength stock (which is the reason it was on my watch list today), and because it is on a very strong industry.As it is, it is probably quite extended from it;s buy point, and with the market possibly headed for some weakness, this may pull in some. If not, it's another on that got away.

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