GREY:SXRZF - Post by User
Post by
tillbillyon Dec 03, 2010 1:21pm
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Post# 17796859
4.60 flash Crash
4.60 flash CrashAs one poster wrote it appears 5.60 is some sort of resistance with a 4.60 support.
I think he may be correct. My prefered way to trade these large drops is to put a start buy 5cents above the drop price (say 4.65 if it opens at 4.60) with no limit to the up. I then wiggle it down if the SP keeps falling. I give away money each time but I generally do better. JMO.
Smallblock...loved your short explanation....Now how do these new fangled options work????? just kidding.