I don't know Rob. You make a valid point about the up down volume but it seems that in the last few hours the difference has evened out a bit. In fact, at this point there is probably more up volume then down volume.
Never predicted that it would not make it above the 50 day mva. Show me the post.
I did predict that it would get marked up today and that the short squeeze would ensue. Surely enough thanks to the SPECIALIST who handles this stock BoA upgrades it today.
Now I'll ask you. With an hour left in the day, with all this great news. Why is volume below avg.?
Now I've also posted that should we "close" above the 50 day I would re evaluate and possible consider a long position.
So, here's what happened today in my account.
Stopped out half my short common position @ $33.69. Took a very minor loss. I then opened a put position bought 10 contracts of the Sept. $30 puts for .35
As we declined as insurance I purchased the Sept 35 Calls for .75.
So in essence boys I don't give a darn what this thing does. Any strong move in one direction or another will benfit me. I currently have a stop in my common that I'm short. If we clos above the 50 day I'll tighten that stop.