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Louisiana-Pacific Corp. Message Board

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  • I thought of shorting MSFT at 107 5/8 this
    morning, took one look at the daily and said no way. The
    risk is too high in my opinion.

    Once again the
    Elliott Wave has proved its worth to me. One would think
    all the sell orders at 105 yesterday would have some
    meaning. Not so when compared to Elliott.

    The door
    is open to go to new highs before seriously heading
    south. To much risk for me to take a position either way
    for the time being. It may not go to new highs but
    there are reliable counts that say the real potential
    is there.

    If it turns south here I'm not
    going to worry about it. The smart thing to do, in my
    opinion, is stay out for now.

    Covering at 102 even
    though a small loss was taken, does not look too bad!
    Being short at this point is not a low risk trade.

 
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