Good posting about the current bear flag formation of the markets...except for the hideous bear flags on the webpage. I guess bears = suck...so its a good correlation of the market going down.
I like the movement in FAZ but got pulled away this morning when it was lower. Currently have a order in to add to my position...
...update....just picked up more at 57.90. I chased a little higher as I was trying to get cute and run it down to 57.60, but didn't quite make it. At least I got it though....missed out on MGM as it's down 5% since I posted about it earlier. Also closed out my IMAX position earlier today at 18.27 for a small gain (.45/share). Was never really comfortable in that position so it feels good to close that out without any damage.
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