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Monday, December 31, 2007

TheBullTrader and HotOTC

Respectively, recommended based on technical analysis for support levels and volume, SIGM (Sigma Designs) and CHINA (CDC Corporation). China was alerted on HotOTC's newsletter for having a large volume of buying. There is large insider buying at $6 and $8 per share and they make very useful business software. I have no idea about the financials but it would make a good short share with stop losses at $4.50. SIGM shows support around $50 (at the lowest a sell point). Short SIGM with a stop-loss at $55 to be safe. Feel safe long SIGM because they make IPTV and IP communications hardware. Sell on negative large volume. Especially after this recent market decline we need to be very careful with our money.

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