DrBourse
If you don't Ask, you don't Get.
- Joined
- 14 January 2010
- Posts
- 888
- Reactions
- 2,089
Hi Grey, agree with the $18.00, that line (or a bit lower), is very interesting as FMG's IV is abt $23 atm - for me, Candles & a ST CCI indicator will call the tune at that level.Yes - now that I see you were looking at a break down (not up) there is a resistance break on FMG. I'll watch it to see if price goes a bit lower to $18.00 where I would normally see the target of the break being (if I was ignoring the impact of the stock going ex-dividend). Yes in these circumstances where a dividend drops the price materially I'd say it probably does impact on the viability of the resistance break. But as I don't trade short it isn't something I've ever had to worry about before.
Would love to get back in ASAP, I feel that the "Double Top & the $12 call" is a bit "out of the ball park."
As mentioned in my previous posts, was never going to get involved like this again, so this is an experiment.
CYA