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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Thursday, November 02, 2006

Microsoft gives NOVL a boost!!!

NOVL closed @ 6.83

The 200 day MA is at $7.20 . So you must not purchase this stock unless it trades above $7.20 and stays above it. Microsoft will talk about this partnership afterhours today.

Also, the unemployment report is tomorrow morning. That will have a significant impact on the markets. The market technicals are showing that we are due for a bounce but don't count on it until traders react positively to the employment report.

You can buy NOVL afterhours if it takes out $7.20 , but i'm gonna wait.


Day to Swing trade.

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