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Re: Spuds McKenz66 post# 44072

Friday, 04/26/2024 2:54:26 PM

Friday, April 26, 2024 2:54:26 PM

Post# of 44848
I see... GUESSING you thought the 50DMA was going to act as RESISTENCE -- would be rejected & move lower...

Understandable...

Any other day & I might not have charted/called it there: $43-$45 test! But with options getting eliminated on Friday afternoon,
on a low-float, with prohibitive shorting costs (especially at these prices where significant downside - by % - has to be
attained to validate the costs & Risk/Reward profile/probabilities) all pointed to a higher price imv.

NOW that the 4/26 options are effectively IMMATERIAL we could see a correction - putting you back into a better spot BEFORE Monday...



MEANING: I think we already witnessed the HOD!!


PS: Feel free to clarify (not meaning to put words in your mouth) & Thank You for sharing!

Offering an opportunity to learn from other people's trades, decisions, & choices; aside from our own!


ALL THE BEST!!


GL


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