BBY showed NO CAUSE for going long as it did NOT break 50, so the put/short was picked up.
LU sorry they were LEN puts not LU. Shorting spike highs in building sector and now electronic retailers. After the shabby showing (good for us) in SHRP and today's triggers short in BBY (failure of CDWC to trigger long) A gap 'n crap after the BBY/CC reports are probable plays, but don't wait until then. We started with BBY already on the downside on Friday. You need a plan and to trade that plan not scurry around trying this and trying that. The market is like a continuing drama in many chapters and I'd rather finish one drama then open more and more new ones without completing the old ones.
SNDK a gainer but not one to hold and accumulate. Take the money from the 2-3 play and say bye. We might retrade this we HAVE NOT as yet picked up the calls (although we did on QCOM on March 25, 65's) which were great!
BBY 60 minute chart you can already see the pullback from the recent small rally. The spike high as early as 3/25, was the last BBY saw of any upside.
The failure of CDWC to thrive substantiates our conception that not even the catalogue computers sellers are faring much better. CDWC by 10:00 was just an exhaustive move and went nowhere.
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