Thursday, September 10, 2009

BDK update


BDK has been a great trade so far - check out it's chart:


We got in at the blue shaded box, so it's been nothing but up since - sweet. I do think we'll hit some resistance now, since this was where it pulled back last time. There were sellers up at this area and we might run into them again. I imagine we'll either pull back a little bit, or will kinda go sideways for a couple of days before breaking through that resistance.

The nice thing is that the option that was purchased does not expire until November - plenty of time.

At this point we're just waiting to see what happens. I'll keep the updates coming and if any more trades develop I'll post those as well.

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