exactly right on NOT being able to minimize risk....this PA almost seems it`s forcing us to increase our risk in order to capitalize as of late....at least for me anyway.
& there it is......20 point gap.......02/03 to 22/23 = 20 point rectangle...............overnight lo @ 82.75.
i think it`s pretty evident here that someone here is disgruntled & has suffered tremendous losses due to his angry ramblings about children & food.....& soon never to return...
it`s called no bids.....when bids vanish,what do you expect to support the stock ?with sellers stepping over each other to offer it downl & hit small existing bids in AH does`nt help.
get used to it....there will be plenty more where that came from in `08.
20 point rectangle range since 11am......the move from this range should yield a 20 handle move.......if we don`t get the usual 3:20-3:30 explosion move...then we most likely get a big gap one way or the other.
fwiw...the got me on the 1/4 piece at 15.50 stop...to the tic but a nice trade overall...will look for higher prices to sell or retest of hod set up but most likely done for day.
looking to add on to 1/4 piece with another 1/4 @ 12.75/13.25 should we trade it........15.50 stop on both pieces.
original sell from 20.75...21.75...22.75 pyramid...
i understand the momo where PA is BOT`d straight up......but more directly,what is the RR on this play? at 2:1...you need a 100 handle profit move to 1397.....& in this environment,i`d say odds are against the latter.........either way,GL