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Thursday, June 3, 2010

Six weeks to go on EXAS trade

EXAS has basically stalled in the last week or so around $4.20. All the technical indicators are at a neutral level. There are six weeks left in this current trade. The option is currently showing a last trade of $0.34, which is still pretty good seeing as the stock will have to rally almost 30% in the next six weeks for that trade to be profitable.

So right now the plan is to let the trade continue through to expiration.

- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions given to the reader. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

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