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Re: Nikodemos post# 2264

Thursday, 09/21/2017 12:17:03 PM

Thursday, September 21, 2017 12:17:03 PM

Post# of 8715

So a test of the ~$170 range & 50DMA (@ ~$167.-) wouldn't surprise.... as the stock is being pressured...Good time for OPTIONS I think...

It's ALWAYS HARD NOT to sell into an exhaustion gap up simply because in my experience gaps (of THAT nature) often seem to cap off the end of a run. A gap like that INVITES uncertainty, volatility, & short-interest (& a back-fill in price).

Which makes an exhaustion-gap a GREAT place to take a breath, profit & reassess. I'm buying OPTIONS...

I'm not convinced the stock retraces to ~$135 range but I wouldn't be AT ALL shocked to see $150 either...But FIRST let's see here hold off $170 to form a near-term double-bottom base to re-build on...

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