re: risk / reward to the upside now ? Hi H
I agree its a gamble but I think its better than a toss of a coin now ? maybe 60/40 to the upside to go over $2 than under the recent low or $1.90.
If you wait to confirm the upside trend or tevet is a gusher you might have to pay well north of $2.16 ( old support ) on the other hand if you re enter your cfd postion now with a stop at say $1.88 your loss is limited to 10c p/share where as you may have to pay 20c or 30c higher to re enter ? hence my risk reward comment.
And hey Im a babe in the woods when it comes to enthusiasm compared to the King and the Sailor Chick.
Cheers Hoot
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