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Monday, October 12, 2015

Trades - $xom $twtr

xom testing a breach of the multi-month negative trend. If the dividend is safe, xom needs to be near high 90s to $100 for the yield to approach its mean trading range.

twtr is pushing off of an obvious resistance. Next stop is 35-37. As for twitter layoffs, if Jack needs to right a wrong from over highering, so be it. Growth is still very real, and margins suggest efficiency is needed.

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