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Sunday, September 19, 2010

Four weeks on EXAS trade


The stock broke a 52 week high to end up at $6.22. It seems like there is some strong positive sentiment as volume was heavy. The market is seeming to to set a price before the validation results are in. The stock will now have to lose 20% of Friday's closing value in order to close below the call strike price of $5.00.

The call bid has risen to $1.40. The time value of the call has shrunk to $0.15.

- 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 that occur from trades using its material.

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