2waytrading

What goes up must come down! Classic parabolic M ended disaster

NYSE:CRR   CARBO CERAMICS INC
160 0 1
There is light at the end of the tunnel now, it looks short sellers are not giving up, and hope to take this company to death, unless there is a good reason for their strong conviction that there is something we don't know or they have a better sensory system than we do..Today's big win for $GTAT short sellers seem have some blood that is worth trying in this company. I don't have position either long or short, but it looks die or do type of opportunity looming here. OTM calls for six month trade may finally pay off big time. Good to take the ride now to 45 area before a meanigful come back is expected so far October looks ugly, but daily chart shows some sign of hope that selling pressure is about to get hold ..I may not sure if its temporary or a real deal, the stock is heavily shorted and stands as of September 15 about 27.8% against the float. If you need a real time alerts try us http://www.2waytrading.com. The price is trading well below its 200sma by 55% that tells you how hard it was hit..forget about 50/20sma for now.
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