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Non-Tech : The unknown zone

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To: TheStag who wrote (1193)	5/16/2012 8:38:30 AM
From: robert b furman	1 Recommendation Read Replies (2) of 2185

Well the red line is already below it AND the slope is flatteniing. It appears to reverse up in one day,today looks like it will be the day. There are a lot of puts out there that if price does not take a big jump up the boys will be selling inventory to those who will gladly buy up the discounted inventory IMO. I think the calls are now already worthless as the market has dipped hard into expiration. We've traded down here for several days so the boys have accumulated enough stock. My bet is we pop up and take the premium out of the puts that many have bought for protection. So inventory has been taken in at a discount - now pop it up and sell it at a profit of more unlikely make those who sold puts buy it at a cheap price. If that does happen - we have more down to see next week as those who are force to buy the put will most likely add some supply next week early. I think we pop up into the week close. Your charts sure show that too. I'm terrible at waiting and leting the charts time it.Always too optimistic also. Maybe we can learn to wait with your great charts eh? Thanks for sharing. Bob

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