yeah but the drop from .89 to .59 happened faster. If I remember, .89-.62-.72 in 1 day, then .67-.56-.61, then came the recovery. There were 3 gap downs, including 1 that was significant. bottom line, .89-.56 in 2 days. This has been much slower and we know what happens when the drop is slower.
Remember, it went from 1.30s slowly down to the .90s, then took a nosedive. The nosedive resulted in a bounceback, but the slow deterioration before that insured that we no longer looked up to the 1.30s, but rather the .90s.
This could slowly deteriorate to the .50s, then bagel out fast. The recovery back to the .50s will be swift, but the .90s will seem like memories from the glorious past.
Honestly, I'm getting real nervous here all locked up. I did sell a good chunk at .69 before reloading harder at .67, but if I want any of this to turn into a profit, I probably have to pull off 1 more big play.
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