make that a dead cat bounce, admittedly I was 10 minutes late to the trade and didn't get in until 32.53, but my limit got filled at 33.98What was strange is the wide bid ask spead in the early AM, how do they get away with a 10 cent spread?So where's the next dead cat?
if u think .10 is strange. I guess you recently got into the market. Trading in fractions an .125 was the normal spread. Sometimes depending on light volume trading a quarter and even more. Heavy volume minimized the spread to .o625 and less.
I can tell you why you got a .10 spread.You aren't using a HFT to trade which all of you dorks should be using in todays market.
next dead cat boucne is a Molycorp. I'm waiting to see something similar, is down -11.5%
I was short that bubble stock via puts, for the dead cat bounce I like to review the sell offs of the day for potentials.Your a good trader, patiently waiting for the time to strike. I had to drill it into my head - cash is a position.I did a bounce in EMR the other day, made practicaly nothing, 30 cents a share or something.