Looking tradeableI have long pegged resistance/ support around $6.50. We held that today, barely. What was interesting in today's trading on average volume is the the SP was driven down hard early on and then guess what, buyers started showing up with some lucky trader picking his units up at $6.30. I will look to add if there is any weakness early, but based upon the present L2 ask strength weakness looks unlikely. Trading YLO in a range from $6.50 - $7.00 makes sense to me AND I get paid to wait.
A BMO anal-yst last Thursday raised his target to YLO to $6.50. BOY, talk about going out on a limb!
GLTA! Skibum