Thursday's Prospects: Round 2

Most of the survivors from my first round of analysis were knocked out of the second round because their options are too illiquid to use in constructing a bear play. This is not unusual on heavily bearish days. (See "Thursday's Prospects" for the full list of first-round survivors.)

Two symbols got past the second round: MNKD and IYR. I've chosen to look closely at MNKD -- Mannkind Corp. -- as the slightly more bearish chart and will post a full analyze prior to the closing bell.

References

My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.