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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (46023)8/8/2003 10:23:07 AM
From: X Y Zebra  Read Replies (1) of 57110
 
Hell-o Jorj...

Would you share your opinion on TARO please ? the x/o voodoo has been saying down for a few days... I see support at 48 (47.97) is it time for a rebound ? (I am short puts at a lower strike price of the underlying, so I would wait to short the underlying --ideally, at a higher level-- for a covered short) **But... if it rebounds hard, then I may be in trouble on the short, which I have not executed --yet. The other side would be a trip to 44 or even 42... ?

Thanks for letting me pick your... brain

btw... it has been a long learning curve, but amazingly I am starting to feel comfortable with the x/o voodoo (I should have given more time to learn it, but not enough hours in the day).

Voodoo:

stockcharts.com

Candlesticks:

stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iut!Ub13]&pref=G
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