Thursday, April 27, 2006 1:45:42 AM
GB a Nice jump
There is some gap resistance that it will hit in the 24.50/25 area so be careful of a gap and crap. I would want to see good support back above 24 and then a break over 25 but would lock in profits on any move near 25. Would not be surprised if the A/H move was a lot of short covering but If you have faith in a longer term recovery you might look into selling some June 22.50 Calls on some of you shares if you can capture a decent premium.
Good Trading!
Sincerely, Bob
There is some gap resistance that it will hit in the 24.50/25 area so be careful of a gap and crap. I would want to see good support back above 24 and then a break over 25 but would lock in profits on any move near 25. Would not be surprised if the A/H move was a lot of short covering but If you have faith in a longer term recovery you might look into selling some June 22.50 Calls on some of you shares if you can capture a decent premium.
Good Trading!
Sincerely, Bob
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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