I do believe EXEL experienced a bonafide breakout today. Enjoy the ride kids. The pattern morphed in to a falling wedge the past month. Today it broke up and out. Shorts are trapped. As a trader, you have to be able to switch snd leave emotion at the door. Market has turned strong too.
The May $5 call options that were trading at a .15 ask a few days ago are up very nicely now on the heels of the falling wedge breakout. EXEL volume continues to exhibit strength as it powers through the 200 ma.. Looking good here guys!
Nomad...you surely beat all git out....
Does this mean that all your past messages of gloom & doom can be swept aside...
...and that you are no longer "sitting on it" for Hedgepappy?
JMHO - but I think volume will tell the story here...
Share w/ us as you can....I for one would like to see your commentary since you encouraged a short at $4.36.
You must understand that trading does not happen in a vacuum..it is fluent and patterns change. The patter was a bearish setup but turned in to a bullish one. It broke up snd out today on volume. Bullish!! May 5's looked tasty at .15 ask :-)