GreatWizeOz

TOOK A POSITION ON THE BREAK

Long
NYSE:SJM   The J.M. Smucker Company
6
BOUGHT THIS "DEFENSIVE NAME @ $131.20 THIS MORNING ON THE BREAK THRU THE LOWER BOLLINGER BAND. THE OPTIONS HAD NO LIQUIDITY SO HAD NO CHOICE. IT WAS DOWN WITH MANY OF THE "CONSUMER/FOOD" STOCK ON THE KRAFT/ UL DEAL AND I'VE TRADED THIS ONE BEFORE.WELL SUPPORTED FROM HERE DOWN TO 127-128. BEPATIENT, BUT DON'T BE SURPRISED IF IT GAPS BACK UP WITH A CLOSE NEAR THE HIGH OF DAY...OZ

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