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Re: Imperial Whazoo post# 3004

Thursday, 07/22/2010 10:16:06 AM

Thursday, July 22, 2010 10:16:06 AM

Post# of 34559
So what your saying is that the low of the day, if it stays above .0145, follows your step up pattern. Even if the high of the day is at .015. The gaps are tightening at that point, but all it means is that it is squeezed to either jump or tank.

Right?

Thus, this would be a great exit point on a classic P&D. In my honest opinion.

Furthermore, where is this contract for $40 million? Classic cart before the horse to "expand" prior to contract in hand.

Finally, if you have any input to set me straight I would greatly appreciate it.

All of this of course is my opinion do your own DD.