Stock is just above technical support at 3. Next resistance is at 6. If this level is penetrated with heavy volume, the stock is likely to test next resistance at 10. Given the disclosure of an additional $10B in funding, it is likely that WM will move quickly toward 6. I plan to take profit of 50% of the position at that point and hold the rest for a possible run to 10.
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$3.84 (07/28/08)
