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"DirtBagŠ" <[EMAIL PROTECTED]> wrote in message news:[EMAIL PROTECTED] > Thanks Cava. I appreciate your opinion. I own it (COVD) now > and am considering adding shares as it breaks starts its run. Watch for a pull-back here.. I was hoping it would hold the 25 DMA, but it did not. It did find support at the 10 day moving average, so that is good.. I am looking at it from a short term perspective, and where it could hold and turn around.. I know you are used to adding to your position when it pulls back.. Do yourself a favor.. Try to add to your position once it breaks up through previous high.. and closes above the previous closing high.. (Previous High is at 4.50, while previous closing high is 4.08).. Basically the High includes intraday highs, while the closing high is the high based on closing prices.. just to clarify that... If you add after it breaks up and through that, then you are basically waiting for a confirmation of a trend change, before getting in on the stock.. If you buy while it is going lower, however, then you are just trying to guess when it will stop.. and there is no way of knowing that.. Hope that helps, Blu http://www.blucava.com/ > >
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