Want to short? Look to short at a retest of prior support. Right now there are too many people running for the exits to go short, too much risk of a squeeze.
Tuesday, September 2, 2014
3 Casinos Race to the Bottom
By April of this year the party was clearly over for these previous high flyers. Today they all seemed to fall through the thin ice of support at the same time. It will get a lot worse before it gets better. I'd stay far away.
Want to short? Look to short at a retest of prior support. Right now there are too many people running for the exits to go short, too much risk of a squeeze.
Want to short? Look to short at a retest of prior support. Right now there are too many people running for the exits to go short, too much risk of a squeeze.
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