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OklaBoston (68.06)

FDP, Fresh Del Monte Produce

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December 24, 2008 – Comments (0)

Just took a look at the charts for this stock and while it doesn't look like a buy to me yet it does look like one would be well advised to cover any shorts one might have in it. Can't blame anyone for wanting to have some short positions in a bear market, but one does, I believe, have to take a more cautous, near-term orientation to shorts than to long positions regardless of current market conditions.

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