Listen, the reason I posted that video yesterday is to discuss movement this week that would draw in both sides of the trade.
I said last Thursday night that the stock needed to close last week quietly to keep both longs and shorts engaged into the weekend. Check.
I said the stock “would rip to $24, 24.50, 25 range on Monday early, then fade sharply into mid week.” CHECK.
Stop and think why that detail was/is at all important and therein lies the answers to all your questions. It was so you late longs would shit yourself out of this trade for me.
The only thing I missed on this idea at all was how far it would pull back into weakness mid week. It’s trading fifty cents away from that price I called out. I’m sure in some troll-fuck way that makes this a bad call/trade/idea/whatever.
Chart looks as it should. Quiet today was the next best case scenario.
Moving forward, I will be charging babysitting rates.
The only thing that concerns me at all is the Angel of Death jinx that hit me on this last week. I won’t elaborate on this, but I am giving offerings to the Stock Gods for their grace on this one.If you enjoy the content at iBankCoin, please follow us on Twitter