Man, I hope he's out. Been there. Take the loss, clear your head, start over. Don't be like this guy........... <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/vIMwMsY0ndo?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/vIMwMsY0ndo?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
There goes a car .. there goes a house ... <embed allowfullscreen="false" allowscriptaccess="never" wmode="transparent" src="http://www.babelgum.com/embed/5003510" type="application/x-shockwave-flash" height="415" width="480" flashvars=""></embed> <div style="font-size:0.9em;"> <a href="http://vodpod.com/watch/3754742-floored-the-movie-episode-4">FLOORED: The Movie. Episode 4 </a> - Watch more <a href="http://vom">Videos</a> at Vodpod.</div>
should have been at 1222 as a worst case.. given that he was looking to make 11 pips on the plus side.
I recall a thread concerning the application of stops. The posts fell into two groups ... pussies and heroes. Pussies enter mechanical stops and heroes use mental stops. Our OP is a hero, no doubt about it. And all the more so because he is short and the Fed is long. Perhaps he will get a spike down and cover and then again perhaps price will advance further after a brief retreat following the rth open, leaving his mental stop untouched. Then again perhaps he will limit the damage and cover with a MO around 27.25 only to watch price tumble to 1200 or beyond.