AI
Sunday, July 22, 2012 5:09:28 PM
PNRA , earnings same day as AAPL .... that monthly chart shows shows alot of air underneath , buying puts on your thesis seems easily the right play, nice concept restaurant but too high and after CMG these all might stand seeing further long term sellers & shorts for sure . If it dared to pop up sure know where i would be waiting with my fade right at 151/52 .
( These have a habit of doing quick bounces in the A/H on "headline" so you be ready for a quick pop then the selling comes in , like leading a duck in a duck shoot !)
Just look at the correction then three tags to the oversold CCI off two double bottoms @ 135 just recently & then two double tops at 152 , see how damn predictable these charts are & how well the CCI predicts bounces or fades here on the daily? I Will put it on the list for sure , sort of a bury night but will have sell ready at 151 ...
(People have to remember that when PNRA was at its high there in late april FFIV was getting upgrades by JPM & GS to $160 & PCLN to $775/790 , so it took brass balls to short then, then a few people wished they had listened up later)
( These have a habit of doing quick bounces in the A/H on "headline" so you be ready for a quick pop then the selling comes in , like leading a duck in a duck shoot !)
Just look at the correction then three tags to the oversold CCI off two double bottoms @ 135 just recently & then two double tops at 152 , see how damn predictable these charts are & how well the CCI predicts bounces or fades here on the daily? I Will put it on the list for sure , sort of a bury night but will have sell ready at 151 ...
(People have to remember that when PNRA was at its high there in late april FFIV was getting upgrades by JPM & GS to $160 & PCLN to $775/790 , so it took brass balls to short then, then a few people wished they had listened up later)
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