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AFTER MARKET UPDATE - THURSDAY, JANUARY 16TH, 2014
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Indices NYSE Nasdaq
DOW  -64.93 16,417.01 -0.39% Volume 641,337,130 -9% Volume 1,857,001,020 -6%
NASDAQ +3.81 4,218.69 +0.09% Advancers 1,756 56% Advancers 1,296 48%
S&P 500 -2.49 1,845.89 -0.13% Decliners 1,260 40% Decliners 1,281 48%
Russell 2000 +1.78 1,173.13 +0.15% 52 Wk Highs 203   52 Wk Highs 199  
S&P 600 -0.37 663.19 -0.06% 52 Wk Lows 23   52 Wk Lows 15  

Major Averages Pulled Back With Lighter Volume

The major averages finished mostly lower as investors digested weaker-than expected earnings releases. Thursday's volume totals were reported lighter than the prior trading session's volume totals on the NYSE and on the Nasdaq exchange, so the institutional crowd did not appear to be pressuring the market. Breadth was positive as advancers led decliners by nearly 3-2 on the NYSE while the mix was near even on the Nasdaq exchange. There were 63 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from a total of 80 stocks on the prior session. The list of stocks hitting new 52-week highs expanded and easily outnumbered new lows on the Nasdaq exchange and on the NYSE. There were gains for 11 of the 21 high-ranked companies currently included on the Featured Stocks Page.

Financials were down the most on Thursday's session. Citigroup Inc (C -4.35%and The Goldman Sachs Group Inc (GS -2%) both fell after they each posted disappointing quarterly results. Shares of railroad operator CSX Corp (CSX -6.81%) slumped following its earnings miss.
Market action was also weighed down by retailers. Best Buy Co Inc (BBY -28.59%) tumbled after reporting an unexpected decline in holiday same-store-sales. J.C. Penney Co Inc (JCP -1.57%) edged lower following an announcement it would close 33 stores and cut 2,000 jobs. The defensive utility and telecom sectors were the best performing groups on the session with Exelon Corp (EXC +2.39%) among the big gainers.
On the economic front, weekly jobless claims decreased to 326,000 from a revised prior reading of 328,000. A gauge on inflation showed consumer prices rose +0.3% in December. Additional releases revealed manufacturing activity in the Philadelphia region expanded while homebuilder sentiment declined modestly in January.
Treasuries advanced on the session. Benchmark 10-year notes were up 14/32 to yield 2.84%.
PICTURED: The Dow Jones Industrial Average is consolidating above prior highs and its 50-day moving average line which define near-term support.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.


Biotech and Gold & Silver Index Rose While Most Groups Fell

The Gold & Silver Index ($XAU +1.01%) and the Biotechnology Index ($BTK +1.47%) posted gains on Thursday while most other groupd retreated. The Bank Index ($BKX -0.90%) fell while the Broker/Dealer Index ($XBD -0.04%) finished flat. The Networking Index ($NWX -0.77%) and the Semiconductor Index ($SOX -0.58%) suffered most losses along with a loss for the Retail Index ($RLX -0.57%).  Energy-related shares also edged lower as the Oil Services Index ($OSX -0.21%) suffered a small loss.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -0.14%) has again been slumping below its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  274.61 -0.57 -0.21% -2.28%
Integrated Oil $XOI  1,464.67 -2.04 -0.14% -2.56%
Semiconductor $SOX  541.05 -3.16 -0.58% +1.13%
Networking $NWX  336.11 -2.61 -0.77% +3.76%
Broker/Dealer $XBD  162.07 -0.06 -0.04% +0.94%
Retail $RLX  914.00 -5.28 -0.57% -2.75%
Gold & Silver $XAU  89.85 +0.90 +1.01% +6.77%
Bank $BKX  70.55 -0.64 -0.90% +1.86%
Biotech $BTK  2,570.47 +37.22 +1.47% +10.30%


Enduring Distributional Pressure While Retreating Near Prior Highs

S S & C Technologies Holdings, Inc (SSNC -$1.02 or -2.30% to $43.40) pulled back for the 2nd day in a row with above average volume and finished near the session low, enduring distributional pressure. It is extended from any sound base. During its last consolidation it found support near its 50-day moving average (DMA) line. It rebounded and wedged to new high territory with gains lacking great volume conviction since last shown in this FSU section on 12/16/13 with annotated graphs under the headline, "Found Prompt Support After Damaging Losses Raised Concerns". Members were alerted then - "Technically, the prompt rebound above that short-term average helped its outlook improve. Damaging losses had recently raised concerns by undercutting the 50 DMA line and prior lows. Subsequent losses undercutting the latest low ($38.85 on 12/13/13) would raise greater concerns and trigger more worrisome sell signals."

The number of top-rated funds owning its shares rose from 260 in Dec' 12 to 343 in Dec '13, a reassuring sign concerning the I criteria of the fact-based investment system. The high-ranked Computer Software - Financial firm completed previously noted Secondary Offerings on 5/09/13, 3/14/13, and on 7/19/12. Such offerings can be a short-term hindrance, however new institutional owners are often attracted when a company has the help of underwriters in placing shares during offerings. 

It has earned high ranks due to its strong earnings history. The past 6 quarterly comparisons through Sep '13 showed earnings increases above the +25% minimum guideline (C criteria) for buy candidates. Its annual earnings (A criteria) history has also been very strong.  The Computer Software - Financial industry group currently has a B+ Rating, and leadership among other individual issues in the group is a reassuring sign concerning the L criteria.


Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
ARMH - NASDAQ
A R M Holdings Plc Ads
ELECTRONICS - Semiconductor - Specialized  
$48.65 -0.97
-1.95%

$48.94

1,410,029
86.25% of 50 DAV
50 DAV is 1,634,800
$55.26
-11.96%
12/23/2013 $54.59 PP = $52.48
MB = $55.10
Most Recent Note - 1/14/2014 5:19:20 PM
G - Rebounded with a gain on higher volume finishing near its 50 DMA line ($49.43) which may now act as resistance following damaging losses which triggered technical sell signals. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : No Overhead Supply Remains Following Volume-Driven Breakout - 12/23/2013
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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$35.83 +0.65
1.85%

$36.49

844,194
61.94% of 50 DAV
50 DAV is 1,363,000
$39.25
-8.71%
1/8/2014 $33.00 PP = $35.14
MB = $36.90
Most Recent Note - 1/13/2014 3:29:55 PM
G - Encountering distributional pressure this afternoon, it reversed into the red after early gains beyond its "max buy" level. Pyramiding is a tactic taught in the Certification designed to let the market action dictate your entries while proper discipline suggests that gains above a stock's pivot point should have at least +40% above average volume to trigger a valid technical buy signal.
>>> FEATURED STOCK ARTICLE : Finished Strong and Challenged Pivot Point After Highlighted in Mid-Day Report - 1/8/2014
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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$167.60 +2.25
1.36%

$167.61

2,273,729
81.65% of 50 DAV
50 DAV is 2,784,700
$174.66
-4.04%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 1/13/2014 12:48:57 PM
G - Touched a new 52-week high today followed by a "negative reversal" for a loss on high volume. Its 50 DMA line which acted as support recently. Subsequent violations would raise greater concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Average After Gapping Down on Prior Session - 1/7/2014
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EGOV - NASDAQ
N I C Inc
INTERNET - Internet Software and Services  
$24.14 +0.00
0.00%

$24.41

213,432
81.18% of 50 DAV
50 DAV is 262,900
$25.99
-7.12%
12/20/2013 $24.00 PP = $26.09
MB = $27.39
Most Recent Note - 1/13/2014 3:32:15 PM
G - Color code is changed to green while sputtering below its 50 DMA line. A rally above recent resistance in the $25-26 area is needed for its technical stance to turn bullish. Meanwhile, a violation of the recent low ($22.17 on 12/16/13) would raise concern as that level defines near-term support above its 200 DMA line.
>>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Average; Relative Strength Rating Waned - 12/27/2013
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EQM - NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines  
$60.91 +0.15
0.25%

$61.56

64,175
55.37% of 50 DAV
50 DAV is 115,900
$62.07
-1.87%
12/12/2013 $53.17 PP = $56.51
MB = $59.34
Most Recent Note - 1/15/2014 5:52:53 PM
G - Touched a new high today but reversed into the red for a loss on higher (near average) volume following a streak of 4 consecutive gains on lighter volume. It is very extended from any sound base pattern, and prior highs in the $56 area define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finding Support Near 50-Day Moving Average While Perched Near Highs - 12/13/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$57.19 -0.41
-0.71%

$58.02

34,534,885
51.79% of 50 DAV
50 DAV is 66,678,300
$58.96
-3.00%
12/12/2013 $51.40 PP = $54.93
MB = $57.68
Most Recent Note - 1/15/2014 5:54:56 PM
G - Quietly perched near its "max buy" level with volume totals cooling. Prior highs in the $54 area acted as support during its recent consolidation. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following New Offering Prior Highs Acted As Support - 1/15/2014
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GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$50.89 -4.35
-7.87%

$55.24

2,258,043
376.40% of 50 DAV
50 DAV is 599,900
$57.29
-11.17%
11/26/2013 $53.02 PP = $52.42
MB = $55.04
Most Recent Note - 1/16/2014 12:32:33 PM

G - Gapped down today and violated its 50 DMA line with a considerable loss on above average volume triggering a technical sell signal. Prior highs in the $52 area may act as support. A prompt rebound above its 50 DMA line is needed for its outlook to improve.


>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Holding Ground Near Highs - 1/2/2014
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HLF - NYSE
Herbalife Ltd
DRUGS - Nutrition and Weight Management  
$71.63 -7.75
-9.76%

$76.30

12,680,241
455.99% of 50 DAV
50 DAV is 2,780,800
$83.51
-14.23%
11/22/2013 $72.21 PP = $75.04
MB = $78.79
Most Recent Note - 1/16/2014 12:32:56 PM
G - Gapped down today and undercut prior highs in the $74 area while testing support at its 50 DMA line. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Perched Near Highs - 12/30/2013
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JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$148.90 +1.30
0.88%

$149.49

607,533
78.78% of 50 DAV
50 DAV is 771,200
$149.48
-0.39%
9/30/2013 $93.20 PP = $89.10
MB = $93.56
Most Recent Note - 1/14/2014 5:15:53 PM
G - Perched at its 52-week high, holding its ground stubbornly after considerable volume-driven gains, extended from any sound base. Its 50 DMA line defines important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended From Sound Base Following Big Volume-Driven Gains - 1/14/2014
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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$75.70 -1.71
-2.21%

$77.04

5,620,146
126.41% of 50 DAV
50 DAV is 4,446,000
$84.58
-10.50%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 1/16/2014 1:20:15 PM
G - Gapped down today, slumping further below its 50 DMA line. Damaging losses on higher volume indicate distributional pressure. Reports quarterly financial results on Tuesday, February 4, 2014, before the market opens.
>>> FEATURED STOCK ARTICLE : Technical Deterioration and RS Rating Slump Raises Concerns - 1/9/2014
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$29.23 +0.76
2.67%

$29.39

62,783
213.55% of 50 DAV
50 DAV is 29,400
$28.98
0.86%
12/19/2013 $26.69 PP = $28.74
MB = $30.18
Most Recent Note - 1/16/2014 5:49:07 PM
Y - Hit a new 52-week high today and finished strong as it confirmed a technical buy signal while rallying above the pivot point for a 2nd consecutive volume-driven gain. No resistance remains due to overhead supply. Its Relative Strength (RS) Rating improved to 82, above the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Finished Weak While Enduring Distributional Pressure - 12/19/2013
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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,184.65 +11.79
1.01%

$1,189.99

785,912
131.64% of 50 DAV
50 DAV is 597,000
$1,198.75
-1.18%
12/18/2013 $1,156.20 PP = $1,198.85
MB = $1,258.79
Most Recent Note - 1/16/2014 12:46:57 PM
Y - Perched within close striking distance of its 52-week high while consolidating above its 50 DMA line which has recently acted as support. A volume-driven gain above its pivot point may trigger a technical buy signal, meanwhile, its 50 DMA line and prior low ($1,113.01 on 1/06/13) define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Managed Positive Reversal at 50-Day Moving Average Line - 1/6/2014
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RGR - NYSE
Sturm Ruger & Co Inc
CONSUMER DURABLES - Sporting Goods  
$84.94 +0.73
0.87%

$85.93

329,628
101.42% of 50 DAV
50 DAV is 325,000
$85.11
-0.20%
1/8/2014 $78.87 PP = $80.38
MB = $84.40
Most Recent Note - 1/15/2014 4:42:12 PM
Y - Tallied an 8th consecutive gain with above average volume while approaching its "max buy" level. Prior highs in the $80 area define initial support to watch on pullbacks. Disciplined investors always limit losses by selling any stock if it falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Hit New Highs With 6th Consecutive Gain - 1/13/2014
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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$87.94 -1.42
-1.59%

$89.41

734,313
61.48% of 50 DAV
50 DAV is 1,194,300
$93.49
-5.94%
10/17/2013 $58.02 PP = $53.87
MB = $56.56
Most Recent Note - 1/16/2014 1:23:20 PM
G - Volume totals have been cooling while remaining perched near its all-time high, stubbornly holding its ground. Its 50 DMA line defines important support to watch on pullbacks. Repeatedly noted - "Extended from any sound base."
>>> FEATURED STOCK ARTICLE : Extended From Base Following More Volume-Driven Gains - 1/10/2014
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SILC - NASDAQ
Silicom Ltd
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$47.17 -0.38
-0.80%

$47.70

76,992
237.63% of 50 DAV
50 DAV is 32,400
$47.67
-1.05%
12/23/2013 $44.62 PP = $46.25
MB = $48.56
Most Recent Note - 1/16/2014 1:29:34 PM
Y - Inching to yet another new 52-week high with today's 10th consecutive small gain, yet it remains below its "max buy" level. Last noted on 1/13/14, its small gain on the session with +122% above average volume confirmed a technical buy signal.
>>> FEATURED STOCK ARTICLE : Stock With Small Supply Has Formed a Sound Base Pattern - 12/24/2013
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$43.40 -1.02
-2.30%

$44.18

386,666
139.04% of 50 DAV
50 DAV is 278,100
$46.61
-6.88%
10/22/2013 $39.17 PP = $40.04
MB = $42.04
Most Recent Note - 1/16/2014 5:45:31 PM
G - Down with above average volume for a 2nd day in a row and finished near the session low, enduring distributional pressure. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Enduring Distributional Pressure While Retreating Near Prior Highs - 1/16/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$156.18 +2.17
1.41%

$156.98

199,904
151.10% of 50 DAV
50 DAV is 132,300
$162.88
-4.11%
10/16/2013 $142.95 PP = $151.18
MB = $158.74
Most Recent Note - 1/15/2014 5:58:28 PM
G - Consolidating just above its 50 DMA line, enduring distributional pressure with 4 losses on above average volume in the past 5 sessions. Recent low ($144.04 on 12/12/13) defines the next near-term support to watch.
>>> FEATURED STOCK ARTICLE : Gain on Light Volume While Inching Above 50-Day Average - 12/26/2013
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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$137.34 +3.84
2.88%

$137.34

1,538,676
136.76% of 50 DAV
50 DAV is 1,125,100
$136.20
0.84%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 1/16/2014 5:50:38 PM
G - Finished at the session high today with another volume-driven gain. Its 50 DMA line and prior highs near $115 define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Rebounding With Volume Backed Gains But Fundamental Concerns Remain - 12/18/2013
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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$43.76 +0.40
0.92%

$43.95

1,140,460
48.14% of 50 DAV
50 DAV is 2,369,000
$45.42
-3.65%
11/27/2013 $39.61 PP = $42.10
MB = $44.21
Most Recent Note - 1/14/2014 5:23:26 PM
Y - Hovering near its 52-week high following a volume-driven gain on 1/09/14 after a Morgan Stanley analysts raised their target price. Prior reports noted - "At least +40% above average volume should be behind gains above the pivot point to trigger a proper new technical buy signal."
>>> FEATURED STOCK ARTICLE : Best Ever Close With Gain on Light Volume - 12/31/2013
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YY - NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers  
$71.45 +1.01
1.43%

$72.47

2,053,337
133.25% of 50 DAV
50 DAV is 1,541,000
$72.20
-1.04%
1/3/2014 $55.08 PP = $56.85
MB = $59.69
Most Recent Note - 1/15/2014 4:43:21 PM
G - Rallied with above average volume for a 2nd consecutive big gain and new high close, getting more extended from any sound base. Prior highs in the $56 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Strong With High Volume After Featured in Mid-Day Report - 1/3/2014
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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