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AEM pop

March 13, 2008 11:44 PM

I saw AEM discussion on Fast Money and they were discussing the big pop in AEM. I do not believe anyone had an answer but I think one guy said he didn’t like it.

It popped because it cleared the number I had given prior of $75.25. Period. Ask me, you get an answer AND I gave the exact number days ago.

I told my posse to cover the short near the low of $70.06 on 03/10.

You can count that as another winning call to cover it AND made $1.80 on the short.

This move higher is not supported by the stock chart and it will reverse again and set up a short. Gold is driving this stock to bubble levels as I have screamed many times…and the best trades on this will be wait until I say take the short side… The higher it goes, the more dramatic the potential downside on the short…so bid it up…..

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