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RockingStocks.com Stock Updates Each week's comments are logged into the complete stock updates history page. Please read our Profile Disclosures & Disclaimer. The NASDAQ Thursday, December 4: Tomorrow will be a pivotal day for the stock market. If the market has a good day tomorrow we could see a good week next week and possibly see the NASDAQ challenge its 50-day moving average as it continues to move down towards the sideways pattern of the NASDAQ the last four days. Tuesday, November 25: The NASDAQ reached a higher high its current trend today, but fell short of closing in the green. The exchange closed down 7.29 to 1,464.73. The NASDAQ is facing some minor resistance at its current price level. We believe the NASDAQ will challenge its 50-day moving average within the next 1 - 2 weeks. The 50-day moving average is currently at 1,750.73 and converging down. Wednesday, November 19: We believe we will see the NASDAQ correct by the end of the week. We believe it should hit a low tomorrow and mark at least a short-term bottom for the exchange. There are too many bargains out there for the smart money to stay away from this level for long. _________________________________________________________ Hot Tracks Thursday, December 4: PURO came back down to Earth today after reaching $0.22 yesterday for a total possible gain of 91%+ since we first discussed it after the bell last Friday. PURO has been such a big momentum play and it reached overbought yesterday before correcting today. Overbought (RSI of 70 and above) is usually a sign that a stock may correct to the downside especially in the current market landscape. Updates on Stocks
RockingStocks.com Latest Rockin' Stocks
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Disclosure: RockingStocks.com is owned by SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment adviser or broker/dealer. SpeculatingStocks.com, Inc. makes no recommendation that the purchase of securities of companies profiled in this Web site are suitable or advisable for any person or that an investment in such securities will be profitable. Generally, given the nature of the companies profiled and the possible lack of liquidity for their securities, investing in such securities is highly speculative and carries a high degree of risk. Never invest based solely on information from this Web site or our email alerts. SpeculatingStocks.com, Inc., owner of RockingStocks.com, has been compensated by a third party (GreenHorseShoe) $3,000 cash for a 30-day BMCS investor relations contract. SpeculatingStocks.com, Inc., owner of RockingStocks.com, has been compensated by uKarma Corporation (UKMA) $3,000 cash for a 30-day UKMA investor relations contract. SpeculatingStocks.com, Inc., owner of RockingStocks.com, has been compensated by a third party (Guidance Marketing LLC) $3,000 cash for a new 30-day PURO investor relations contract. SpeculatingStocks.com, Inc., owner of RockingStocks.com, has received total compensation of $6,000 cash from Guidance Marketing LLC including a separate 30-day PURO investor relations contract on 11/28/08 for $3,000 cash.
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investment in such securities will be profitable. In general, given
the nature of the companies profiled and the possible lack of
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