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IBDvalueinvestin (98.44)

Shorts should have covered yesterday but they didn't



November 24, 2010 – Comments (1) | RELATED TICKERS: VXX , VXZ , TNA

Korea related names rebounding: but I wouldn't buy them, instead I would look to buy stocks that were beaten down yesterday on the Korean names even though they have no relation to Korea. Those are the stocks that should rebound the quickest today.

The late day heavy volume buying of 4M shares in the VXX yesterday during the last hour should get scalped today. As the fear indicator should be much calmer today as all is quiet on the Korean front. 

1 Comments – Post Your Own

#1) On November 24, 2010 at 8:34 AM, IBDvalueinvestin (98.44) wrote:

 Continuing claims falls to 4.182 mln from 4.324 mln

08:30  ECONX Initial Claims 407K vs 442K consensus

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