Saturday, October 10, 2009

Tim Sykes' SPDE trade, Sept 18, 2009


Like in OPXA, here we see a stair-case pattern. This trade is a loss, Tim bought at $7.34, sold at $7.10. Apparently he was counting on a continuation of September 17th's upward step, despite tfact that both previous steps played out within a day, each time the euphoric upward step being followed by several days of "hang-over".

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