Thursday, August 11, 2011

8/10 - time to go long

forgot to post...but overall feeling was that a hold of the support level at the close makes for a strong reason that it can be the bottom, unless of course we break right below it tomorrow (which it didn't)....so at 8/10's night, i was ready to go long looking for other stocks that were able to hold off its lows and possibly be strong for the coming day as the risk to reward of going long here is so much better than going short...

and here is carter worth's take on it:

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