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Long NTAP at $52.76



May 06, 2011 – Comments (0) | RELATED TICKERS: NTAP , SLV

So far the market is rebounding well today, and will look to lighten up some of my positions as well, particularly in SSO where I have a huge chunk of my capital in (40%). I'll probably sell 3/4 of that position today and take the nice profits in hand. Also, the Silver (SLV) play that I took yesterday is bouncing nicely at about 5% today and am inclined to hold until the close today. 

One new trade to report in Netapp Inc. (NTAP) where it was forming a beautiful bull flag pattern and broke out nicely at $52.86 and is now making a nice run higher on good volume so far. I've placed my stop loss on this one at $50.98.

Here's my Chart Analysis on NTAP.

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