Money losing POS company. Couldn't move up yesterday on the big pop, bought puts this morning, headed for a double bottom.
Looks like it's forming a bear flag on the intraday, if you're not in already you may want to wait to see what it does towards the end of the day.
Looks like it's forming a bear flag on the intraday, if you're not in already you may want to wait to see what it does towards the end of the day.
Comment:
Probably should have flipped the puts this morning, but held on to them. Expecting this intraday bear flag to continue tomorrow, if it doesn't continue the downtrend by Friday morning, I'm out. Trailing stop so I don't take a loss on this crap.
Trade active:
Adding more puts here, this stock isn't gonna go up unless the market goes up and the market looks topped out.