I still have this feeling that MCP will see a head fake move below $5.95 where the stops would be stacked up.
I can't enter an option position without feeling very good about the timing, but MCP is a stock that could be a double on its own without any leverage so I am willing to start a partial long equity (stock) position, I figure about 1/3 of a normal size, which is a little big for a spec position, but I'll give the stop plenty of room which I'd have to do any way for a phased in position, the more room you give the stop, the fewer shares you can purchase.
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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