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Altough it's impossible to see on the long term chart, INCY is making higher lows and higher highs since January 2003:
Closing above $7.28 INCY has given a bullish technical signal. It also broke a downtrending channel on the upside. Volume was above average:
I think INCY
is a sure play. A conservative play, but sure. Wait a minute: been
burned before when I've thought «sure play». There are no sure things
in the stock market. If you want sure money, go to work. This is about
speculating in stocks, and a man has to know the market is always right
and that it has one million ways to take our money.
So, I'll
be a buyer at tomorrow's open, but I don't want to see a close below
$7.28 in the short term, or I'll run like hell, winning or losing, I
don't care.
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David Randolph
www.3stocksonfire.org
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