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SharePlanner (< 20)

LONG SVNT At $10.24



March 03, 2011 – Comments (2) | RELATED TICKERS: SVNTQ

I jumped out of my long position in SCO which was a UltraShort ETF on Crude Oil. Made an okay gain on it, but I just didn't like how oil was reacting to the rally we were seeing in the broader markets. 

My only other trade this morning was Savient Pharmaceuticals (SVNT) which I got in at $10.24 with a stop-loss at $9.92. It has a beautiful double bottom, and looks prime for a pop in its share price in the near term. 

Here's the Chart on SVNT.

2 Comments – Post Your Own

#1) On March 03, 2011 at 12:25 PM, EnigmaDude (62.26) wrote:

Some people think J. Lo has a beautiful double bottom, too, but I don't think it is primed to pop. (I could be wrong)  :)

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#2) On March 03, 2011 at 4:42 PM, SharePlanner (< 20) wrote:

well put EnigmaDude!!!! LOL!

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