Tells that a Reversal Down was Imminent:
Tell - Trading UP in the pre-market today (different from majority of recent days, sucking in last sucker-longs).
Tell - Technically Overbought (look at a chart).
Tell - No stock goes up 100%+ in a week, no stock goes up 15-20% per day (more than once or twice) within this time period.
Tell - Yesterday's low volume spike to near-high's for the day (at the close) set the stage for pain around the corner into options experiation (big boys were selling on strength yesterday with more to follow).
Tell - Watch for Implied Volatility to build from low levels.
Tell - Stock is nearing double-top at $7.50 (doubt it sees it)... limited upside. Risk to the downside.
These are just a few generic tells that you (longs) should have been noticing, and it is, by far, not a complete list.
Feel free to add to the list, as there are many more general and more specific red flags that spell the end of REE's absurd run.
You were warned longs... oink oink.
If you are so confident of your skills at technical analysis, why do you spend so much time on these boards slamming the companies that you are shorting?
Someone who really knew their game wouldn't need to waste any time trying to persuade anybody else how to spend their money.
agree. i sold in high 6's.. kciked myself for half a day.. when it went to 7.. but thought the same thing.. will get in again when it settles.. not sure whether that 4 or 5.. but likely somewhere in the 50% retracement area. Like rare earths at the prices.
AVL QRM and REE all look pretty decent.. IMHO
GL and DD
If it takes out $5.75, I'm looking for a close in the $5.50's...
And next week should pull toward the Jan 5-Puts, imo.
Learn to hold quality companies/stocks (not REE) in volatile times.