Captain-
Technically, yesterday was strikingly similiar to both July 8th and July 22nd of last year. Improving and same RSI, same stochastic, same trendline above, same 50MA above. Actually, PAIR is an easy short-term call. BUY TOMORROW morning IF above 18, place stop-loss at 17 1/2, (in all likelihood) sell PAIR within 2 weeks at 22 1/2 for 20+% profit-if buying actual shares). If stopped out at 17 1/2, repeat identical procedure the next time PAIR closes above 18.
<I strongly disagree>
That PAIR is a technical buy above 20? Surely, you gest.
PAIR is not a technical buy right now, I never said it was. However, it may be by Tuesday, which is why I am thinking of buying it on Monday. I generally prefer to do a little anticipation in conjunction with a tight stop, this way I can enjoy the full breakout when it occurs. It's called GREED, you should try it sometime.
Ironic FYI- I bought PAIR calls 3 times last year and doubled my money every single time. Most notably was when I bought SEP 22 1/2 calls on Aug 19th for 1 1/4 and sold them on August 20th for 3 3/8, a feat for which I am still honored in many third world countries. :-)
However, I don't make predictions, merely probability assessments.
Happy Investing!
jason
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