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Friday, July 1, 2011

some trades

1. Unloaded IBM. It is between, what I think will be the next quarter's trading range (170-178) via my 'forward PE' assessment (see link in top right corner). I am still loving the name, but it is also over extended technically. I will start loading up again on any weakness, and will go heavy again if that weakness pushes it below 170.

2. Re-entered ATI with its push back from the 64-66 resistance.

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