Replies to post #41322 on Elite Swing Trades

[JLS]

Dead-cat bounce,

Ya don't have a PE like SAM has, mention competition during the conference call, and guide lower, and get away with it.

SAM rises a wee bit more, drops back down, and what do you have?

A head-and-shoulders pattern, one of the favorites of bears. They'll climb all over it like ducks on a June Bug.

SAM could easily go to $150. Wait for a break below the neckline then buy Puts.