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MisterEC

09/13/13 8:09 AM

#1700 RE: squashjohn #1699

I had a channel marked off, 46-51. Then Citi recommended it with a target of $60. I drew a trend line up, and when it broke it, I sold 1,000 @ 53 on the 11th, the order for which I put in before the open.

When it spiked down on the 12th I bought back the covered calls, I sold on the 10th, as the price had fallen so far, I could not justify keeping them open.

The Citi recommendation changed the entire picture in my mind.

In my retirement account I will stay long the stock, and trade options in my cash account. Until this printing takes off in reality, the stock I believe will continue to be volatile.