Friday, February 4, 2011

PCX - a short term trade setting up.

PCX was beaten down by the sale of their entire portfolio from their largest shareholder.  I have March 28 calls and will put on or take off Feb then March sold calls based on the action in the 15 minute.  But if you are looking for a quick trade, when PCX breaks $25.37, there is a quick run to $26, IMO.

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