PCLN's longer term or core equity short charts are fine, I wouldn't move those at all as trend trades, but short term you'll see a little "W" base between the 17th and today, that has some accumulation in intermediate/short term charts. I would consider playing it as a long, but I'd prefer a call position, what I mean to say is as a quick swing trade a long in PCLN equity is probably worthwhile, I think with the leverage of a call, definitely worthwhile. I'll have some charts up soon, again this isn't anything that threatens the Core short, that's pretty much cemented, but it does look like a nice little trade especially with some leverage. Right now I'm more looking at timing than anything else so I'm definitely interested.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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