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Registered User
Joined: 4/16/2005
Posts: 6
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Any thoughts on EXEL?
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Registered User
Joined: 4/7/2005
Posts: 9
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Looks like a short to me.
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Registered User
Joined: 12/19/2004
Posts: 415
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QUOTE (AirMuskie) Looks like a short to me.
Why do you think this is a short? Disclosure----Not in my portfolio either long or short.
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Registered User
Joined: 3/9/2005
Posts: 71
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I also see nothing either way on EXEL.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Looks like time to take profits in it, maybe short if it gives signal. Look at the 3 day chart on zoom 4, and draw straight line starting with May 04 highs, then Dec 04 highs, and finish with current highs. Line to me looks like resistance. Not exact of course, but pretty close...all of course depends on if and when you got in and holding period, style.
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Registered User
Joined: 12/2/2004
Posts: 37
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I'd hang in there. If possible, I'd place trailing stop of $0.54 along with a hard stop at $8.60 (see Jul 20 low), move up if another spike occurs. Remember, often resistance becomes support once cleared.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Tom, glad you mentioned that, excellent idea/technique for someone already in.
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Registered User
Joined: 12/19/2004
Posts: 415
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QUOTE (fpetry) Looks like time to take profits in it, maybe short if it gives signal. Look at the 3 day chart on zoom 4, and draw straight line starting with May 04 highs, then Dec 04 highs, and finish with current highs. Line to me looks like resistance. Not exact of course, but pretty close...all of course depends on if and when you got in and holding period, style.
Yes, I see that line, altough I wouldn't short it, bigger margins on stocks less than $10.
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Registered User
Joined: 4/7/2005
Posts: 9
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QUOTE (bknight) QUOTE (AirMuskie) Looks like a short to me. Why do you think this is a short? Disclosure----Not in my portfolio either long or short.
The stock has been range bound for years. Doesn't look like there is much upside potential. It a person were to short it, he'd have to have a stop above the 10.65 level which was the monthly high way back in May '04. My guess is unless the fundamentals of the company are changing for the better, there is no reason for it to break out. I haven't checked them out, but simply glanced at the chart.
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Registered User
Joined: 4/16/2005
Posts: 6
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Thanks everyone. I bought it @8.20 and sold @8.50; however I bought PDLI back in early May, still hold this baby and it is doing "pretty" well. Thanks to Mr. Worden.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Thank yourself, robert2413, you made the decision to pull the trigger and have made the decision every day to keep it. You will be the one who decides when to close the trade.
- Craig
Here to Help!
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