Saturday, February 26, 2011

I Endeavor to buy more

A beautiful chart pattern is emerging in Endeavor (EXK).  I keep hearing that IHS's don't form at the top, but I have seen too many this year that have broken out.  I already own quite a bit of EXK with shares and options, but I will put on a $7.50/$10.00 call spread (April or May, depending on the breakout date above $7.50).

I think it is good for a $2.00 move, just don't jump the gun, let it breakout.

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