/b buying swing NLST at 6.45-.50 2X OVERSIZED . NLST was ver
Posted: Fri Nov 20, 2009 9:47 am
/b buying swing NLST at 6.45-.50 2X OVERSIZED . NLST was very strong last week but I have waited for a pull back then build for a new swing play and now on my formulas today a multiday buy signal has cleared. The reason for a position 2 times what usually is initial entry risk tolerance is due to the high multiday target of 9.50 . Mind you this entry equals a 10X oversized option money allocation. mental stop at 6.20 and if she was to lose 6.20 I would look to renter the full 2X money allocation again on a gap cover at 7.70 area.