It's recognizing volatility in otherwise sideways trading. That's actually something that Yankee would do. Of course a number of people have already asserted that Yankee sold a bunch here $7.90 and Yankee has already said he's looking to buy at $7.
The desire to make that kind of trade is something he and I have something in common. And our mutual respect for each others approaches to the market is a big reason we're friends.
What do you have in common with Yankee, paddler? It certainly isn't tolerance for other perspectives.
There is one bet I wish I could make. It has a 100 % accuracy level for the past 5 years or so. The Vegas bookmakers will not take it. The bet it this: The more RAS goes down, the more attacks on Davis there will be.
Well, I am going to California Wed morning for about a week. As usual tonight I will place a number of low-ball orders and should the Market have a nice drop then I may get off one or more of my dozen orders. While I am on vacation I will not check on any stocks at all. I will know what the DOW did,etc, from the television. A true vacation means a stress-free trip.