Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Thursday, February 21, 2008
SWC: Short @ $19
A 2 year chart and a 1 month chart tell the tale on SWC. Huge resistance @ $19 and entirely too much of a move too fast. A possible short term PUT play here could be the April $15 +SWCPC which is priced @ $1.00. A limit order of $0.75 and patience could easily make the money @ $14.50 in a hurry. Of course a prudent stop would be anything over $19.18.
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