Get out now.
IMHO, of course, but they are playing diamonds here.
First one Dec 17-28 - six days long.
Then three days down to $81.40
And latest four days diamond has completed yesterday - can you say with Ben's dough :)
No lack of confidence in DECK. Just keeping reality in check. At 77 my options were getting close to even. Im not in this game for even ;)
I think you are right, we will test the 88 top again. I dont think we have a meltdown to 61 like you are saying. But my 95 target by March OEX is probably going to be a struggle if 88 doesnt hold. Another $10+ sell off is in the cards on a break down of 88 if it doesnt hold the 20d SMA.
Which tomorrow?!
he meant the next time it goes down on profit taking...like the whole market does once in a while.
He didnt notice the nasdaq got slaughtered....and it wasnt a DECK specific related sell off.
What is going on that is so bad
nothing. profit taking is the culprit. I wouldnt be surprised to see more of it in the coming days.
When you think its all over, its rarely is...and when you think its only going higher, it rarely does. words to live by if you want to sleep at night.
GLTA.