Why did we take a rip in Tesla?

Three days ago, I wrote that we were hawking a Tesla Bounce Trade. See Four keys for a Tesla Bounce Trade. Friday we took that trade.  And we took a rip.  See Taking a Rip in Tesla. Perhaps after review, we will conclude that the Tesla Bounce Trade was worth taking.  But there is an important element of that review, … Read More

DF sell the gap up

As we discussed this morning in the morning meeting (it is lunch time right now) we looked into selling that gap in DF if we spotted a seller. One of our traders spotted a big ARCA seller at 20.50 who stepped lower to 20.35 and traded a couple hundred thousand shares on the offer. The same seller stepped lower to … Read More