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Tuesday, May 17, 2011

5/17/11

Set a stop on GOOG earlier this morning.  Had some buying in first half hour in GOOG.  It seems (NOT always) that which ever way the market starts out at 10-10:30 we reverse.  We started higher, but never reversed.  I wanted something out of this trade so sold half at 521.23 +2.77 and stopped on rest at breakeven.  Typically, we don't break to new lows on first test.  See chart.

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