RE:Lumber Longs.... I agree with you, now we have 2 support levels, $2 and $1.69...
I was wrong with head and shoulder, main reason money started moving out of IBB
I moved away from CXRX to puts on IBB, when we couldn't break 200 & 50 days there... it was not brainer.... cxrx ring a bell sell... :(, but I don't want to short the baby with puts.
The reward is so small to be short on the stock, I'm still thinking, shorts should move away from stock. Ratio is better to be long, but....