What the hell is happening here? It just dropped more than $6 in minutes!...can't see any news on it.
However, it was really unexpected. Thank God, it hasn't fallen, let's say, to $50. I think the recovery will be quick.
Ouch, i thought that 92.50 area was going to hold too but it went clean through it, so i tried 92.09, then just bailed when it wouldnt bounce for a tiny win, sure glad i played it safe, i never would have thought it was going all the way too 89.
It's not as bad as it sounds. That's actually part of an early entry investment play (didn't have the cash, didn't want to pay margin interest, wanted an entry)...so I'm actually good even if I get assigned. Not as large as a trading play if I had that open.
Well thats good to hear then, that was a sick move, probably lots of people got owned long on that thing today if not at 92.50, then the next time at 90..... a couple of my buddies thought they were chasing it short at 94.50 and nailed it, i didnt want to take it there, so i was looking to try to bottom pick it for a bounce, wish i had just "chased," short at 94.50, but who knew it was going all the way too 88, thats a huge intraday move with no pullback in this market, lol.