October 22, 2009

STOPPED OUT WITH PROFIT OUT OF THE REMAINING $CNX (CONSOL ENERGY) POSITION AT $47. 81

www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions: 162 Number of losing positions: 10 Average annualized

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CONSIDER TAKING MORE PROFITS ON $CNX (CONSOL ENERGY) RIGHT HERE AT $48.50

Consider scaling out as the stock goes lower. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions:

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TAKE PARTIAL PROFITS ON $CNX (CONSOL ENERGY)

We have been short on $CNX based on the coal shipment data. Our thesis has proven correct as this morning $CNX reported lower than expected earnings and volumes. In view of the generally bullish overall market and especially the commodities, consider taking partial profits right here at $49.30 and tighten

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