Options Wonderland

[Fox13]

PCLN: I decided to wait little bit since my target was 307...as a Fib harmonic extension of the RAMPO starting with the July 09 low, which works with other high beta stocks. But you guys might be right to be short already for 2 reasons:
1). a post-gap vertigo might hit this stock, and
2). Langy’s excellent observation: Friday on close, as THEY were pushing the market up together with other volatile stocks, PCLN started to slide.

Also, notice on this chart something very interesting and quite rare a “triple bottom”. Gann was commenting about this formation: “…when it happens, it's very strong!” Indeed…from this stock one should expect the unexpected.