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Saturday, May 28, 2011

URC


previous green signal posted
http://tracer-tracer.blogspot.com/2011/05/green-signals.html

Last Friday green signal.


Green signal is not always 100% correct, but if you have a plan, it does not matter at all, I just buy it, then when another signal appears, I add more positions using pyramid system. As per Mikos blog he is surprise with URC price action because of negative earnings and the price went up.

http://www.bworldonline.com/content.php?section=Corporate&title=High-input-costs-drag-down-URC-earnings&id=31082


Because the price action may be telling you that the stock is dis­counting a potential change in the fundamentals that is not yet evi­dent. The combination of strong price action and weak current fundamentals often occurs in turnaround companies or companies with a new technology whose potential is not yet widely understood.  Mark Minervini – market wizard


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