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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (46008)2/12/2013 4:39:45 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 221925
 
<< Hopefully you had considered down before you came in so you can make an informed decision where to size in>>

I did but I didn't expect 28 to break this quickly. That's ok - I sold some covered calls and I'm prepared to scale in more at lower levels. 24.75 is the target downside right now on a P&F chart. I use other charts too but these can give a rough estimate that's fairly reliable

stockcharts.com

I'm not a FB user either but I believe in the brand.