iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Warning- Volume Up on Selling

Just watch out here.  It’s difficult to place long strategies as the market falls on high volume.  This could get ugly next week.  Trade accordingly.

Anyway, this is why we don’t buy on every dip, for example with HITK.    It got hit good.  HITGOOD?  The buy trigger didn’t set, but don’t get pretty and think that it looks like a better buy down here.   I’m reconsidering 23.xx.

Meanwhile, GMCR is down today which means the PUTs are getting increasingly expensive.  Get yours soon.

Gotta jet.  Have a good weekend!

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One comment

  1. Hawaii Five0

    That’s what I’m thinking!

    Glad to have some confirmation.

    Just got back from a Mexico cruise out of L.A.

    God it was cold!!! Glad to be back to the warm and gentle weather of Hawaii.

    Next week I promise to start eating less!

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