Steve Jobs Monday, page-28

$17.26 for BBOZ. While the XJO trading range was in progress, $17.26 was a good entry. But since the XJO broke above the trading range, BBOZ is no longer a bargain at $17.26. It is currently around $16.52.

When the XJO was in the 5650 - 5800 trading range, BBOZ was a hedge for the long position. Buy BBOZ down around $17, and sell around $17.90. Keep in mind that the long portfolio is more likely temporarily down when BBOZ is high around $17.90.

The XJO may have broken out (change of polarity). But with the North Korea situation, and the DOW so overbought, it makes sense that XJO upside is contained.

Another trading service I subscribe to is (learntotradethemarket). They are now bullish the XJO, but expect it to retrace back to around 5735 where they will be taking additional long positions. If they are right, I will actually either break even or make a short profit on the remaining 50% BBOZ trade.