Re; BSTE What a run. I sold on this morning's ramp for a nice profit, but now I'm looking at the buck and a half I left on the table. Bummer. I coulda done better than Mickey D's for lunch if I'd have held it a little longer.
I only said it was half broken.-g My message yesterday addressed the liklihood of this pop which is why I was scared to buy puts yet and was willing to let it fall without me as I had been waiting for a better looking correction of the initial dump. Sure looks like a right shoulder has formed now. Entry is indeed everything.
Now I am looking for the "brother" down to the one from May. That initial move was straight and ugly, those never come alone off a clear top.
Indeed it is back above the wedge but I think its all part of the retest and likely failure. $48 is/was the spot to buy puts and that is why I will hit it tomorrow.
Its an intriguing battle on that BSTE chart, I hope it works for me. In any event my stop is $50.
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