Tuesday, June 4, 2013

MCP Interesting Here

The range in MCP suggested the probability of a head fake move, again this is playing on the predictability of technical traders, they see support in the range and place stops right under that support, that's why it makes it so easy to hit them and accumulate the shares and for some reason, no one ever asks, "Who took the other side of that trade?" (buying the stopped out shares), typically that would be Wall St. on a head fake move which this looks to be.

For now I'll refrain from adding unless I see something I just can't pass up, but I will continue to hold MCP calls already open.


No comments: