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Thursday September 3, 2009

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China Aoxing Pharmaceutical Company, Inc. (OTCBB: CAXG) (”China Aoxing”), a pharmaceutical company specializing in research, development, manufacturing and marketing of narcotic and pain-management products, today announced that it has submitted a new drug application (NDA) to the China State Food and Drug Administration (SFDA) for its Codeine Phosphate, a compound oral

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Friday August 28, 2009

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Ladd Seaberg has announced his retirement as a member and chairman of the Board of Directors of MGP Ingredients, Inc., (Nasdaq:MGPI) effective at the close of business yesterday. However, he will remain available in a consulting capacity to the board and company management for a period of approximately two years. Seaberg, 63, a director for 30 years and chairman since October 2006, said his decision to step down from board service was based on his desire “to focus additional time on other non-business-related activities and priorities” and was “partially influenced by health-related reasons.”

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national

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Monday August 17, 2009

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Life in Atlanta just got a lot more productive for those who want high-speed Internet at any place or time. Sprint (NYSE:S) today announced the launch of Sprint 4G mobile broadband throughout the Atlanta metro area. As a result, streaming video, fast file downloads and uploads and turbo charged web browsing are no longer just home, office or coffee shop benefits. Sprint 4G customers can enjoy a blazing fast mobile broadband experience across the city, whether they’re working at a remote location, relaxing in the park, sitting at a favorite eatery or as a passenger on the freeway or public transportation

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Friday August 7, 2009

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United States Steel Corporation (NYSE: X) Chairman and Chief Executive Officer John P. Surma today announced that Vice President-Worldwide Marketing Richard M. Efkeman has elected to retire effective Aug. 31, 2009, after 38 years of service with the company. A successor for Efkeman’s areas of responsibility will be named at a later date.

Horizon Lines, Inc., (NYSE: HRZ), the nation’s leading domestic ocean shipping and integrated logistics company, has topped the list of ocean carriers worldwide for schedule reliability in the second quarter 2009 with 100% on time performance, according to Drewry Shipping Consultants, based in London.

Alliant Techsystems (NYSE: ATK) Space Systems and NASA will

As you can see on the chart Alliant Techsystems (NYSE:ATK) has enjoyed an uninterrupted rally since the March lows. It blew through the 50-day moving average like it was not there and just kept on going. This is a sign of a very strong stock. 

When a stock is this strong, it will usually not pull back to the normal Fibonacci ratios of 38% to 62% because there are buyers waiting just under the market (of course, that’s assuming that the stock indexes don’t fall apart).

The stock has gained over 30% since March and is overbought. Whatever the short-term high turns out to be, I’d be looking to buy it on a 23% to 38% retracement. Those numbers are currently sitting at $77.40 and then $74.20, respectively.

A 50% retracement is unlikely, but it’s possible if we see a serious market selloff. From today’s high,