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Monday, June 1, 2009

Q&A-- Mercator Lines

This is the counter I somehow missed out, in fact I never notice it before. But it's a good one. Thanks kim. The business it doing seems more interesting to me-- India-based international dry bulk shipping. I immediately think of one of my favorite US counters: DryShips( Symbol:DRYS)

Anyway, it just hit its resistance 0.435 exactly today. I would rather prefer wait for it to retrace back a bit or if you are aggressive, play breakout tomorrow. just watch it.

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