Replies to post #154834 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Mainhiker, EDIT

My best scenario has GERN doing a chinese water torture drop similar to the one which started on June 9. That would setup my Oct. $12.50's to expire worthless. Max Pain is $10 for Oct. so I see myself closing out the option positions for around $.50 and selling @ $12.50-.75 to rebuy around $10.

BWDIK

BT

EDIT: If you draw a trend line @ support and another one @ resistance you will see a pristine channel.

[Zeev Hed]

The problem with AH and pre market is that the volume (relative to the huge volume during market hours) is puny. As a result you have an empty space when you look at volume by price. Once the bottom of such a space (the top of the gap) is taken, the closing usually is quite fast. Usually, means there are always exceptions. I think that WAVX hs a two month old gap by now, but I also think it will eventually close.