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28 February 2012

 

Noble shorted at 1.395 Using CFD

Reasoning

Weekly chart bearish engulfing / evening star;

I've been holding this stock and not been intending to sell yet but knowing that price may correct potentially. If price rises, I have stocks and will not lose money overall; if down, CFD makes money and I can take profit when bullish signal appears while stocks still in hand.

Should have adopted this strategy ealier...

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