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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Setups for Tomorrow

RaginCajun Thu Jan 15, 2009 10:08pm EST 6 Comments

Tomorrow will be interesting. Today we had a turnaround from the lows, INTC moves higher in after hours, Bush gives his farewell speech, and it’s options expiration.

We have another stock from the top ten list which appears to be breaking out, RIMM. The stock traded & closed above $49 today, watch for continued strength tomorrow. Alpha already got a head start, which makes me like the trade a little more.

More consolidation for Woodshedder’s old fav, GIGM. The Stock looks poised to breakout on any strength.

Recent education IPO, LOPE.

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6 comments

  1. punyandy
    punyandy
    January 15, 2009 at 10:12 pm

    best tabbed blogger on IBC. keep up the great work.

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  2. Ryan
    Ryan
    January 15, 2009 at 10:17 pm

    I am willing to get long some RIMM calls for Feb.
    With fundi reasons in the financials like this http://tinyurl.com/9ajb3k I am definitely looking for new and significant lows.

    Ryan

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  3. Working Man
    Working Man
    January 15, 2009 at 10:43 pm

    Thanks RC – much appreciated.

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  4. hammy
    hammy
    January 15, 2009 at 11:23 pm

    thanks..

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  5. The Fly
    The Fly
    January 16, 2009 at 12:17 am

    Special Message from Captain Obvious:

    The site is deteriorating.

    Carry on.

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  6. RC
    RC
    January 16, 2009 at 11:31 am

    Watching GIGM here.

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