I was looking to go long at 14-14.5 but it didn't quite make it down there. Reports coming out at 8:30 so I will have to wait awhile for the next one.
Ok..BOUGHT @1525 s/l 1225 Sell2/3 1825...(35.75-20)=1575...confirmed Although I am not going to trade it I have put in a prompt @ 1325 to "buy" to see how it goes related to what I mentioned yesterday.
They evacuated the area due to the Lehman hurricane... According to Simon today is a huge down day... http://elitetrader.com/vb/showthread.php?s=&threadid=135629&perpage=20&pagenumber=6
I was away from the computer and missed that one. I'm using 19.5 as the new reaction high so I wouldn't have taken the 14-14.5 on the second drop anyway. Would have worked out nicely though but I can't catch them all I guess.
Some illiterate kid ,with a rotten mouth, who made a good prediction and now thinks he is the second coming of Jesus Christ