Saturday, October 13, 2007

 

Buy - 1 POT Nov 100 Call @ 16.20

Bought this on a breakout of around 113.50 .. but it soon hit a wall at 114. One thing I need to work on is to put in a bid and wait for it to get hit. I usually just match the Ask at the time, and I lose money on the spread itself.
Looking at the POT chart with my bullish goggles on, does that look like a cup and handle ?? This could be strong on a good break of 114.

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