Even though I sold the position yesterday, I am still watching this stock's performance.
The reason I sold it is: the market is still in the up trend and after 2% up,, short term pull back is possible. Besides, yesterday's volume is extremely light, which means the short pull back is "SHORT". Since I am in ATHR put, I should consider not to be against the market trend. So yesterday would be a good day either to take some long position if you are aggressive enough or take some profit for the short.
Even though it is not hitting my target for 50% target, I just closed the position. Besides as I mentioned in last time analysis, the chart is turning better... which add some flavor to my decision to close the position.
Today, it went to SKYROCKET. (As of now, it is 4.22%, and after it traced back from early morning, it never looked back, which is a little bit out of my expectation. Huge accumulation occurred around 1pm- 1:30pm. News initiated? Insider knows something about it?
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