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Post by huh on Apr 3, 2014 10:12:36 GMT -5
BBRY under 8.20 sets up as a nice short - third failure of a breakout over previous LT down channel - and does it within a potential bear flag after a 61.8 retracement of previous down move.
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Post by huh on Apr 4, 2014 11:33:06 GMT -5
Loses the bear flag channel under $7.97. Downside target would be ~7.18. But likely to hit bottom of previous down channel (sits ~7.04-7.08 Monday/Tuesday).
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Post by huh on Apr 15, 2014 7:40:31 GMT -5
And BBRY hit 7.01 yesterday - that was an easy 14%+ gain if anyone followed.
Didn't hit the bottom of the channel yet, but would expect it may make a run back into the upper $7's soon here.
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Post by walnut on Apr 15, 2014 7:45:32 GMT -5
The blackberries I planted in the backyard are looking really good this spring. Raspberries, too! Jack ought to try them, I think they are possibly more fun than tomatoes.
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Post by huh on May 2, 2014 12:16:05 GMT -5
And BBRY up ~16% from that call to cover. Went full circle from 8.20 back to 8.20. Called for short to 7.04-7.08. Low was 7.01. That was 14% down, 16% up.
Almost to the top BB again. Might be time to short it again early next week. But besides the top BB, not seeing a solid reason to short it just yet, but would definitely cover some or all long positions around that 8.20.
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Post by huh on May 2, 2014 15:09:22 GMT -5
Tapped the top BB with that 8.22 HOD.
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Post by huh on May 7, 2014 11:00:11 GMT -5
Already down 9.5% from my last short call and making a nicely formed & FIBbed bear flag now. Good odds short play if flag confirms under 7.39.
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Post by huh on May 12, 2014 11:47:03 GMT -5
BBRY getting a little lift here, but wouldn't be bullish longer than day trades until its over its 10dma. And even then only as swing trades.
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