We are seeing significant breakdowns in all the indices.
My top short pick: [[POT]]
Note: [[GOOG]] looks like it may trade sub $500
Disclaimer: I bought some deep out of the money puts in POT.
Joined Jan 27, 2008
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Are you holding your longs ? PZE ?
Sounds gay but… are you naked on those puts?
GOOG
– the daily stochastic is well below 20
– the RSI(2) is at 1.87
– similar in the SPY/SSO
– if we keep trickling down toward the close, I think we will get a bounce next week (at least at the beginning); then down again after that. If looks too oversold to just tank from here.
how deep is deep OTM? 175? 150? 100?
short term or long term?
Don’t know if you still own some, but OMNI just rocketed 10% Finally looks like we’ll see a close above $6
lol, and it looks like it’s coming down just enough to close at 5.94, doestn’ seem to wat to close above $6