Short Stop: 52.18 (last Monday's high) Target: 45 area Reasoning: Today's brief rally up toward the top of the down channel offers another chance to short.
Well, I must concur - most crude indeed, especially when contrasted with the elegance and refinement of your most enthralling post. What prose! You have greatly enhanced this thread and have opened our eyes to truth that may have otherwise escaped us less-gifted commoners. May I suggest that you demonstrate the sophistication so clearly lacking by starting your own thread and posting thereupon each of your complex and highly-cultured trades, so that perhaps a sliver of your brilliance may be cast upon us. I extend to you my deepest gratitude for sharing your insight with the board. (sorry to clutter the thread, but this guy is too much)
Cesko- You are incorrect about your the statement above. I consistently try to fade strong markets? CYMI & EBAY, as I pointed out yesterday, are both unique situations I have noticed with my experiences and trading these 2 stocks. We are hardly in a strong market other than singling out yesterday's. The shorts I have taken have made me quite a bit on money so I'm assuming you were referring only to my 2 losing short trades yesterday. Please due your DD and read my posts and trades before stereotyping my trading strategy over one CYMI & EBAY trade. Thanks.
Short - After the repeated failures to past $37 highs, RJF has broken below support. Stop: $32.75 area 1st Target: $28 2nd Target: $24.50