GMCR - In highly congested Zone.

238 13 4
Watch for this stock to continue its trend. As long as the price is below $54.

Same strategy applied on the CMG/PCLN and HES.

Selling Option spread is the top most profitable way to play this.
Comment: This chart does a better justice to the trend lines.
Comment: Bottom of the Channel. Open Interest in Options Always helps when stocks rally on news.
Comment: Holy Crap, Bail out. Taken Private. for $92.
Comment: As a matter of fact, I was writing a blog post about options after going private.
Comment: lost just under $2000 instead of $30000. That's how I hedge with options.
do not forget about big picture
shorting a hammer wick with volume is high risk
This confirms that stocks patterns are just pictures that say nothing about the future.
It does. One bad apples does not mean the lot is bad. Experienced traders should know this.
+1 Reply
2use AlexAVG
I do not agree, nor disagree. You can't say anything is pure black and white. Nor no fundamentalist could guarantee me a buyout for 92 before the rumor.
technically, i would only long and let my trade get stop out if price breaks the low
than shorting it
I trade the probability of a setup, I do not pay attention to the fundamental as much as i do to my technicals and probabilities. I do not post all my trades here, Why should I?
On the same day, I was short on FEYE and P a day after. This loss is nothing much to be worried for me.

+1 Reply
2use ucsgears
More over, if your strategy predicted this, i would call it a bluff. This is not fundamentals at all, this is news, and noone can predict rumors and news on a chart and without internal info
+2 Reply
I know, Shit like this happens always. you have to be prepared to handle it.
menorad ucsgears
Yup. Thank you for your contributions to the site
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