I like the idea of buying $Z for a bounce back to 90. I’m in here @ 79.66, but have a stop under today’s low due to the uncertainty of the market. Risking a little more than $1/share, let’s see if she can run:
Joined Jan 27, 2008
7,405 Blog Posts
Ricky Bobby
Let’s get it.
RC, love this pick. But I see a very short term bounce only. Doesn’t the big wide rounded top built over days is a matter of concern here? Perhaps that is why you have a tight stop?
Look at Oct seasonality too in PPT.
exactly why I have a tight stop. If it goes, it will squeeze. Risking about a buck for $5-10. I’ll try that any day of the week.
Good point. thanks.