I believe either today/tmrw will mark the intermediate bottom of this stock...my bids are in bet. $4.75-4.6 gonna do some serious shopping today.
Good day to your trading!:)
I will wait for $8s to get in again:) Nonetheless, today's reaction is way over done in this stock...there's a pretty good chance it will bounce back to anywhere $12-15 in the shorterm hopefully we will be on board for the ride:)
Shorts are trying to take the advantage of the overall market's pull back. As investors, why don't we take the advantage as well?!
One example was that when the shorts forced ACH to below $8, I bought a lot and jut put them into my investment portfolio, and paid big off eventually.
That's right JP:) But we need to be a little more cautious this time on the long side, market is already ~5000 pts off the low set last Mar, we all know there's not much room left to run. So I'm thinking it's probably time to invest in those ultra short stuff like TZA&BGZ&SRS or VXX etc etc...the reward/risk ratio is just too high to ignore right now.
Meanwhile, we can trade stocks like CNAM which has solid fundamentals but we dont fall in love with em:)