Tom: <<I'm guessing by her silence, Ted, that Truff sold into the
crash.>> No, actually, I didn't. Sold some today which I picked up at 8 13/16 last week (while trying to catch the falling knife), but still holding worthless calls and highly devalued stock.
BTW, for what it's worth, I'm anticipating perhaps a 50% retracement from the low of 8 up to 12.75 (where the meteor hit the earth), or about 10.25 - 10.375, then an opportunity to bang some out for a couple of points on the downside.
Of course, all this changes if some news or other catalyst hits next week. I was puzzled by the trading yesterday and today. How could sentiment change so rapidly? I expected the margin sellers and weak hands to be flushed out early this week, then for the stock to base on low volume for quite awhile. Certainly didn't expect to see buyers chasing the stock, as they appeared to do today for awhile, and such positive money flow.
Earth to Darrell: Please come back for a weekly visit and give us your take on the action this week. Inquiring minds want to know . |
