Replies to post #308421 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

We could still have another excursion to the high $16 low $17 in SLXP, particularly if the market stinks, but I think it is well priced here and am looking for a run into $20, then again an attempt at a new high. I still have a double position (slightly under water) and will add the third if we do have an excursion under $17. My IGT got sold at $31.39, a loss of $.63.

[Newly2b]

SLXP

Is this an intraday trade for you? What are you seeing that tells you this may be a bottom here? To me, the daily chart doesn't look good at all, with the rising lower t/l broken on huge volume 10/6 (broke the weekly lower rising t/l before that). Looks headed to just north of 15 IMO, and perhaps lower in days and weeks to come, though it may bounce around the 15-20 area for a while first. What am I missing? TIA

Newly