Intelsat S.A. (fka INTEQ)

[Gixxer]

Yup. Watching it crash now. I'm on the minute chart. It's crashing for now...but it's known for doing a hard bounce. Not holding my breath just yet. There also another red candle on the daily. Looks like it's losing steam. The first red candle was more like a doji...trend reversal coming. All this doesn't mean anything if financials are good tomorrow. However, for right now, it's looking good for shorts. You should get back in and short again, if you're not already back in. I still have my short position. I'm in at 9.67. I thought it was going down, but I actually shorted support. No wonder why I got squeezed. Should have stuck with my original plan and shorted end of day Friday...I would be looking good right now. Oh well, lesson learned. I'll use this play as what not to do with my next short. Looking forward to tomorrow, be it me covering for a loss or covering for a profit. Going to be interesting to see how the market reacts to their conference call.

Update: Like clockwork, it bounced nice from the day low...never fails. This stock is fighting to stay up