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02/03/11
14:16
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the singaporeans love to remind you there is a fine line between "bravery and stupidity".
what is a buyer now, at these stratospheric levels?
is he brave, or stupid?
as i write this, the buy stack at 2.8 stands tall and green at 11 million; there are seven mill at 2.9 and nine mill at 3, with change.
the macd is below zero on the end of day sec charts.
we are #5 on today's volume at 73.8 mill shares traded.
of particular note: a three-wave pattern took us to 2.8 in early trading.
is the bottom in at 2.8 for today?
looks to be the case. i also like the fact we're no longer holding pride of place on hot copper.
buying now is brave; buying days ago was smart.
fortune favors the brave.
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