RE: RE: RE: RE: Steady climb with the PREF.Brym
Great explanation. I got it. Thanks a lot..
We are using this board for opinion, learning tools to help us better in our trading and that is what I got from you, Brym. Thanks a lot.
I am checking the chart for all 4 YLO preferred shares and this is what I found.
A and B still have more room to go up. Superimposed EMA of 20 days on all 4 series, you can see that both C and D are overbought compare to A , B and common. C and D both had passed the previous August 4 tanking day share price while the other 3 - A, B and common still have room to go. All 5 are in negative trend of 200 MA and never once they are trading above EMA 20 days.
I start to lock in my profit on C and D and turned around to nimble for short selling C and D. Hedge my play with buying B. I still can NOT short YLO common thru TDWaterhouse because of NO Inventory eventhough the price is above $1.00.
Disclaimer: I am still long on YLO but I am looking at window to get out soon, we have some resistance with $1.24 level. I still think we have room to move to $1.55 for dead cat bounce. I will become short again once I can short it.