Could be a dangerous trade. Yesterdays short volume was 33%. If the shorts start to cover, you could get caught up in a buying frenzy. You may want to wait for confirmation of a loss of momentum. Just a suggestion.
Hey fender--- Good answer to a foolish question!!! If I'm not mistaken, he's an obsessive short seller who wants traders to short every rally on most stocks-----probably has a lot of wish trades. I do believe you have been bagged. LOL . I'll call you later.
fender--- java showed up tonight---took over my computer. See if you can make it here for the weekend. He said stay with the trade but tighten stops. I don't know if you've seen his response to your post but it's as sarcastic as ever. Later
yes momentum is waning again on ddd. macd is going sideways, price today is up but volume is down. price yesterday was down and had higher volume on the down day than today. so, volume alone for yesterday and today suggest that momentum is waning.
there is also though a doji on yesterday's chart plus one thus far on today's chart - by day's end, there might be a different candlestick though than the doji showing as of right now. if it closes again though with a doji today, then 2 doji's in a row would also suggest waning momo.
options this week too are showing staying between 54 to 56 - this was as of yesterday - today is similar though.
also, if you look at the 5 day chart here on yahoo - look to the right - you can see a big m formation from this week - and if this plays out as such, then it means ddd going back down to $53 by tomorrow or monday. the m will get negated if ddd goes back up tomorrow to $56 - if it does go there though and again comes down from that level, then it would be a triple top which still would mean ddd going back down to $53 in the coming days.