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Friday, September 29, 2006

Ingredients don't bake the cake

Random Roger has this great line in his stock market blog (link)
"There is no question we have the ingredients for a decline. Ingredients however don't bake the cake. ..."

Elsewhere, RIMM Research in Motion had a great day on earnings news. Round number support at 100 is a plausible entry point. A pullback to the gap would not be unexpected.

Current positions: BA, DVN, EWJ all hedged longs, long stock, short calls

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