Daily Price Movement / General Discussion, page-42427

I think if you check I said a potential bounce at $5 many weeks before it got there and as it approached I updated saying I was no longer looking for a strong rally due to the internal structure of the waves.

Affirm those averages are not true given the limited time it has traded so I don't put any store in them.

Im only counting the wave structure on Affirm and my primary count is we are close to completing five waves down in wave 1 and typically wave 2 is a sharp counter trend rally.

As I said it's a high risk trade so I'm only buying calls and will accept a 50 percent loss if it goes the wrong way.

The options premium is currently about 7 percent of stock price so I consider it a good risk reward at 3.5 percent loss in real terms against potential 900 percent return in a few weeks