28 should be long history.. if price will truely collapse.
since those who bought on the breakout.. and too slow.. are caught and hesitant they are trapped till the close.. unless market lets them out.. but the longer they wait the more price collapses and they end up having to sell at a severe discount.
die die die... lol. =)
edit: taking another batch off here. at 25.
22.50 is the next leg of support.
sallie mae falling out ... down hard. politics is taking the bid out of the market.. only price engineers running stops to the upside.
23.50 has to hold here.. otherwise market makes new lows.
covered one at 59, gotta run to the store, selling 2 at 679 if hit. Just got out of number two at 653, take it whie I can get it. long one at 648 for a quick bounce.
long
Quote from bsparkyman:
stopped out at 51 and short here at 664, well add at 679 if we make it.