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$Lantronix (LTRX.US)$ so this stock is still intact while it did break yesterday the lower moving average on the Bollinger band it has done it before and if you had the brass ones in prior sell-off days obviously not to this magnitude to put your toe in on these bloodbaths sell off events for the stock you've done very well.
I'll make the assumption and everybody knows what they say about assuming it makes an ass out of you and me.. I'll make the assumption that this category 5 hurricane that happened without assigning who's behind it or the actual reason is virtually done at this point we may have profit taking towards the end of this day we have margin calls I assure you they are coming there will be liquidations so this rally on the open may be cut in half very quick from those types of events the secondary push is yet to be determined if it's up or down and then going into the clothes it's fuck you Friday and traders don't like holding anything over the weekend all that being said if you like this company this is where it needs to be nibbled at you need to run like a 10% stop because if it does reverse and it does break that Bollinger band again to the downside it's going to rotate lower and you don't want to ride it down because there is a lot of profit that will come out but for right now it looks like it's survived intact compared to other companies that got crushed their stock charts are death this one still looks pretty good
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk opinion not financial advice
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