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Stock needs to break out of the channel. Hopefully up if you are long. If REDF dips below $3/share I will commence an additional accumulation phase. Spaced out over 3-4 buying windows of minimum 3 weeks-maximum 8 weeks. Target exit would be after he holidays. Perhaps durinf a potential Jan 2010 effect. If not then later into Feb. Again, stock needs to break the channel. Any convincing rally over $4/share and I pound it hard long. Until then...accumulation under $3.
GL all Sentiment : Hold Rating :
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