Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Barnes & Noble is not so noble anymore…

Not with Amazon breathing down their neck.

Look at the daily $BKS chart below:


Price action took out the low of the inverted hammer (or shooting star) candlestick pattern from yesterday; in my book, that is a good short.

Did you see how two of the momentum indicators turned south?

I sold (short) a starter position on $BKS today with a stop above yesterday high.

My 2 cents.



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