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Tuesday, April 07, 2009

New Short Position

I got my entry point into Edwards LifeSciences Corp (EW). I purchased 1 May $55.00 put @ 2.10. I believe the latest news on its new software "Flo Trac" is already baked into the recent price. In addition, looking at the technicals the stock is beginning to trade below its 5, 10, and 50 day moving average on light volume.

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