[Intuitive] Day Trades

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Wednesday, August 23, 2006

XMSR looks fugly

If you want to swing long, don't touch this stock until a clear bounce has occurred. One analyst upgrade sent this giant company up 20% yesterday... what?! That got out of hand. The stock is flirting with the closest rally support at 12.88. Don't fight the trend yet.

Remember though, just because an analyst makes comments, doesn't mean the company is profitable. XM burns cash........ at an ALARMING rate.

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