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Look at all the open May $22.50 calls. I think there will be a real battle to hold it below $22.50 until expiration. But if it breaks that on volume, away we go. Great chart pattern so far today...support setting up above yesterday's high.
i'm shorting JCP and BBY.....and the GAP (GPS)...which is particularly interesting. sales there are dying, and yet it is being pumped up. ridiculous. i figure this is a 12 buck stock when things really start tanking. JCP -- because their customers will be target, kmart and walmart customers in a heartbeat, if not alreadyBBY -- becuase they are in a business where discounting is fierce, and the products they sell are almost entirely discretionary. no one NEEDS a big screen LCD.