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The bulk of what I have was bought at around 29 so I didn't add any more
yet but will if it breaks 28 tomorrow. I know this is contrary to
how tech traders do this but I consider this drop nothing less than a
gift due to the strong fundamentals. In the after market, when the
tropical storm was gaining strength and looked like it could become a
hurricane, CHK jumped a half buck and then when the track was announced,
it dropped back. I don't have a definitive plan for adding other
than I was serious when I said if it gets to $25, I'll buy a block.
(I hope no one is following my path here .. If I were you, I would trust
Ira more than Bob)
Good trading all .. we have volatility .. finally!
Bob
At 12:33 PM 6/12/2006 -0700, you wrote:
Still
downside pressure on the stock. The key here is if the 27 3/4 - 28
support level will hold. If not, look for 27 -27 1/4.
Still no buy signal on this one. Hope
that you are not acquiring to aggressively as yet Bob.
Just one man's opinion. Ira.
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