The triangle continues to get smaller, watch for a breakout either way:
Joined Jan 27, 2008
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i’d short it. lately, it’s riding the top of the triange down. of course, since i say short it, it will break out next week.
straddle that or strangle it… then if it breaks up sell your put, if it breaks down, sell your call… that way you won’t miss out on an overnight move
I’ll go with the crowd and say short to 150.
dan zangers been watching this one, so you know its ready to move like crazy… do nothing until it makes a move… its worth paying for more information and assurance. look for nice breakout with good volume. if you can’t watch this one all day, I’d set both stop buys and stop shorts at breakout points which are tightening up but right now are about 215 on long side and 195 on short side… if you buy at 215 set stop at like 212 and if it stops out just be ready to get back in and trade it again if it breaks out… might fake a few times but that’s the price you pay to ensure you have a winner. or you can pay the option premium on both the call side and put side like strangle said, but that can be expensive paying premium on both sides… i think I’d rather buy the breakout then protect my gain with a swap for an ATM call… or short it, then protect my gain by swapping to an ATM put, but I gamble so I’m used to playing with the house’s money.
rajin
i say lower bro and my guess is as good as anyones based on the chart.lol-
I’m thinking it falls back to $150.