Larry, it was a losing trade, not even 10%, but a loss nevertheless. However, I had to follow my TA that called $14 a strong support (I believe I posted these when I got in), and follow the same discipline that it is better getting whipsawed few times that ending up with a major loss. In this case, the second quadruple double bottom broke later, so the decision, at least short, term was correct IMHO. I'll watch it, because the floorless, apparently, is no longer an issue, and the "time to market" is not that far. Of course, we will still have to see how successful the launch is. It would be nice to know at least how many subscribers they have under the hat so far.
Zeev |
