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Friday, August 29, 2008

B-POP

For those of you who got in on BPOP this morning, I forgot to mention that the target is the 200-day moving average of 9.71. I recommend selling at least 1/2 around that price, if it gets there. Pick a price below the average if you want more safety; above the average if you want to try maximizing your profit. Note that today's action is based on news of a sale of a business unit. Moves based on news don't tend to have the staying power as moves based purely on technical factors. So a little wariness is called for here.

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