...and I'm back long again on SQ...lol Saw that bottom pattern and couldn't pass it up. 26.15 was entry with 26.08 stop.
A tight stop, with a good entry and good short term (i.e. 1-2 hours) upside potential. I've just given it a lot more time than most others, so as I see a signal, I jump on it. I'd discount some of the longer term signals going into the earnings release. It seems pretty intent on settling into 26.50 for the release itself.
LOL, yep, quite possible we could be both long and short it and both lose money, thats why i hate this market, just chop city, especially on mondays. I dont do much in the summer time past 12:00, because its just too damn easy to get cut to pieces in this crap.
I'm working this one like the USS Maddox in an Asian gulf...if you stay in it long enough, you'll get hit by something.