SOLF - a rare Joab buy

Nice one joab

 

IF I COULD HAVE SHORTED I WOULD HAVE BEEN UP $5 WORTH OF PROFITS.


$24.58.


DOWN BELOW $20 IT GOES.

 

Why didn't you buy puts ???

 

well, i held my entire position. hope the am bounce isn't too strong...

my target's 20-21 by end of week. if it doesn't act weak, however, i'll exit a chunk.

why didn't you get puts?

 

since i posted about the entry...got out about 10 minutes ago. just didn't like the way it was acting.

which doesn't mean it won't go down further. but my strength is shorter-term trades...

 

solf nearing 22 at the moment....

 

That's what I was thinking

 

SOLF still in buy territory. Looking for any resistance break.

Any shorting should be done at a reduced size IMO.

 

Agreed,

IF I had a 401 this would be a 3% position long term.

 

Shorting was difficult so I bought Jan 40 Puts Wednesday afternoon at 13.1 - sold em 17.5 yesterday morning. Can't short that kind of momentum so puts are way to go.