WLT Update: Getting The Hammer Early
June 24, 2008 10:22 AM
WLT is down over $7 off the opening high, as I warned last night. Yesterday was a complete head fake and i said the trade was to still short under the high today. Bingo. Opening high $106.29 and down she goes.
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That thing is getting CRUSHED….ha
The market is “trying” to reverse off the lows here…so not sure exactly how low WLT will go…just don’t be a pig…there was a “free” $7
Make that $9 plunge off the opening high to the low…not bad for a few mins. Take the profit, turn off the pc and go shopping…ha
Should have taken profits when I said as i saw a market reversal coming, as mentioned. WLT would have to close above the open today …
The trade was once again to short below the high of today…..I only have so much time in the day to save the world…lol