It's at the earlier target I said I'd like to short it at today, about $7.00
Just make sure you use that stop or a stop close and don't expose yourself to a lot of risk, the point of waiting was to lower risk exposure.
Also watch position sizing. A 10% gap up shouldn't produce more then a 1-2% maximum total portfolio loss, that can only be done in position sizing.
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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