(See "Thursday's Prospects" for a description of the first round.)
TLT failed confirmation, falling back within its 20-day price channel. GOGO and SABR have options grids that would be difficult to work with for a bear play.
That leaves NTAP, which has a bearish three-year chart, despite a bull rating from Zacks Investment Research, the service I use to short-circuit my insight into company financials and Street opinion.
I'll post a detailed of NTAP, its chart and the company itself prior to the closing bell.
-- Tim Bovee, Portland, Oregon, Oct. 2, 2014
My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.
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.License
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