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Message: Looks like Peter

I really liked the chart on MGO - had a nice drop right to support at 7 with capitulation volume & looked like a bottoming candle yesterday. The beauty of this one is the risk / reward situation. Looks like it could easily go back up to 8 before it hit serious resistance, and with a stop at 6.80, it lines up as a risk of .20 with a reward of a dollar. I'll take that ratio anytime.

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