Wrell, I am waiting patiently to see how the $52 area on the bu$$ acts, so far it seems to be a resistance area, but I will want to be on the bu$$ sooner or later here. In the meanwhile, I am following the tactic of "selling on the news" and sold RDRT at $9-1/32, pretty close to $2 profit on this one, not shabby. RDRT has broken decisively back above $8, so I am considering it back in the bull trend. However, I expect selling on the news to get it back down toward the $8 area where I will get back in.
Zeev
In edit, well, I could not resist, I got back onto the bu$$ at $50-5/8. I think it could still sink into the 45/$47 area, and if it does, I'll double up. I have a feeling, however that the next excursion to $52 will break through that level. I also got back into RDRT at $8-15/32. |
