Sunday, September 24, 2006

Review of this Week's Short Trades - JOYG and SNDK

JOYG is consolidating its losses in the lower end of Thursday's WRB which bodes well for the bears. Short again on a break of Thursday's low. This could take another day or two.

We don't want to touch SNDK while it consolidates last week's loss. We want to wait until it breaks the narrow trading range $56-$55.25 to the downside. Our preliminary target is $54, followed by $52.50.

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