I played this one as a huge bear flag (it might continue dropping tomorrow depending on how OPEX plays out). I entered $0.02 below the S2 ($78) and exited in full at $77.00. Why $77? Well, I saw two possible targets: the swing low of the day at $76.16, or $77.00 (round number). I opted for exiting at $77 out of a gut feeling that price would not reach the swing low (nothing very technical about this decision).
I also played CELG as DayTrader but my exit was a bit different.
4 comments:
Hey Anarco,
Nice to see you back in the game!
Yes, good to see you trading and posting again!
Jamie, Jim,
Thank you so much! While away I kept up with your blog. It seems like I always pick up something new.
Really awesome!
Nice trades Anarco!
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