Traders Playground

Selling Swing: PALM stock all at 6.00 and Mar 7 calls at .11. PALM calls taking a loss on a 2x oversized stake from .16 and .21 . The stock was entered into at 6.04 and 6.30. Taking a loss on both of these positions on a disappointing bounce. there was no real follow trough and no real short squeeze do these highly oversold levels, but now multiday direction is on the verge of going negative. this could be nothing but another shake but with the downward pressure she has had wish to for now sit on the sidelines but keep watching closely for a sign of real strength reemerging. cant win them all