Discussion in 'Trading' started by billpritjr, Dec 25, 2003.
anyone shorting MCD?
23.00 area looks like good Sell Stop area
I picked up some feb calls, if you recall what happened in the summer when Canada had one cow the had the diesease MCD dipped and started to rebound. I see this as a buy the bad news reversal play. Now saying that if there is more cows found with mad cow then I would agree with your short. I have a stop of 22.80 on mcd & target to sell my calls when it hits 24.95.
well at this point I hesitate to predict or formulate an opinion, but MCD is coming off all time highs and traded about 5 times ave volume on Weds (which is light day) and ticked down 5%
so, as a trend follower, I am placing a Sell Stop at 23.00
lets see what happens when everyone is done with X-Mas and normal trading resumes at market
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