MCD is in trouble !

Is that guy the younger you?

 

Models showed me a short side signal at around 20.80. Is the high of few days ago good enough? Where do you think it would go to if it goes down?

 

I expect to cover at 19.90ish {not that I don't believe it won't go lower. Actually I see JCP around 15 in less than a couple of months}. Then do it again. Even if I cover at 20.20 and then short at 20.40 again, it would be better than doing nothing and just wait.

 

I noticed that at end of day IWM behaved differently compared to earlier in the session and to recent days: IWM lost more than QQQ, which lost more than SPY.

 

Which option series has the best volume and bid/ask spreads?

 

That is exactly what I predicted a week ago. IWM will go down 5% easily. I am long 28000 shares of TZA and have sold out of the money weekly covered call on them.

http://www.elitetrader.com/vb/showthread.php?threadid=255713

 

I covered JCP and shorting more of ADI. ADI is way way overvaled. Expect a big drop soon (maybe not today) but shorting it is money in the bank.

 

Just covered my short MCD at 87.80 with a hefty profit.

 

I see MCD is a buy at this point for a 50 cents to a buck bounce.

 

After being wrong for $3, you going to claim another "hefty" profit after 50 cents?