Give Yourself a HANS
This one's out of gas, folks.
Up 5,500% over the past few years. I'd short it here with a stop at $104.80
Tuesday, March 07, 2006
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- Tim Knight
- Palo Alto, California, United States
- Tim Knight founded Prophet.net, considered by Forbes and Barrons to be the #1 technical analysis site (sold in early 2005 to INVESTools, where he is the SVP of Technology now). Tim has been trading actively since 1987 and focuses mostly on option positions. He is a dyed-in-the-wool technician, leaning heavily on marked-up charts for his analysis. The contents of this blog are NOT to be considered investment advice, and you should know Tim may or may not have positions in the securities mentioned here.
3 comments:
So your suggesting a possible double top? Should we wait for earnings before taking a stake?
Tim,
I like the trade, and even tried to execute it, but there was no shares available to short at my brokerage...
Robert
Today, HANS hit an all time high of 126.38. Just curious, signs of weakness did you see in this one?
Why did you short it with a stop loss of 104.80, but not the opposite? In other words buy at at 104.80 with a reasonable stop downwards? Cause crossing 104.80 meant strength and was in the direction of the uptrend.
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