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Thursday, March 13, 2008

Going Fishing

IF THE STOCKS DON'T BOUNCE, THEN DON'T BUY IT.

Do this as an experiment.

Take a knife outside and drop it on the cement.

Do you see how it bounces serveral times before coming to rest?

All the supports numbers are not concrete; thefore, it might be off by 3% delta I have been talking about all along.

I am looking at good fundamental companies with low PE.

DRYS at 57 and VLO at 48