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[video] No Deal for China Mobile and Apple

Debra Borchardt:
Alright, what do you see what the institutional players and Apple?

Donovan Lazar:
I think under 500 you have some significant buying opportunities, as far as institutional order flow coming in. The institutions are patient, they're disciplined, they set up opportunities and they wait for price to come to them. They're not the momentum junkies out there like the novice traders, the retail traders out there, so they're gonna wait for price to come to them. They're then going to get involved. So anywhere under 500 I would start to look at it. I'd be very careful around six hundred, and pushing through that level. So I'm giving a fairly wide range, but the reality is at six hundred give a lot of supply out there, you have institutional orders that are sitting out there that when it hits, they're gonna sell.

Debra Borchardt:
Alright well that is good advice from Donovan Lazar, he is over it Online Trading Academy. Take a look at those numbers because those are some pretty good levels to watch. I'm Debra Borchardt with TheStreet.

Written by Debra Borchardt in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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