[Intuitive] Day Trades

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Wednesday, August 30, 2006

[swing] NUAN looks good

...for a long term swing trade. Stock has had heavy heavy insider buying (about $10 million) in the past week. That's my guess to why the stock is up big today, since there was another insider purchase yesterday. Insiders got in around $7.50 and $8.00. Therefore, today would be a good time to get in at $8.15, since the gap back up to double digits looks very likely. It may pull back a little tomorrow since investors got very excited today, so I'm going to wait for tomorrow or just put in a very small position today.

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