RE:Dead Cat BounceThank you. And I agree. This is a great Dead Cat Bounce! Watch what happens by Friday and early next week when large cap funds must sell and media starts turning on this "thing".
If you want to see what happens when funds have to sell, look at Baytex a year ago and it took until January to get to full yummy capitulation and some awesome trading on the way down shorting then up going long. That one was a no brainer on capitulation and I was maxed BIG TIME! Like "crazy" big.
On here, I might go long at capitulation but not only if Thompson gets replaced with someone credible and the whole Cinven hook into AMCo thing gets clarified and "closed" for good. That should happen February. At that point, all shareholders will be proud owners of Cinven. WAIT! Are they publically traded? LOL ;-)
Enjoy these low $9s to sell (and short sell)!
Watch and learn boys and girls!
LOVE IT (holding my nose of course because of the dumpster but hey money has no smell!)
And hey RT, good attention to detail, no need a pro anywhere in your handle! ;-)
richardtrader wrote: I'm chuckling
No this is called, going long or trade it would be better
....
Pro Trader GOOD CALL to go SHORT
Congrates on your trading!