Thursday, April 7, 2011

BIDU 04-08-2011

Sometimes you come across a chart that looks like a perfect setup.  I believe BIDU has that type of chart.  Could I be wrong?  Of course I could.  Take a look for yourself:

I don't believe you will find a better setup for a short (or my preference is some May puts $15 or more out of the money).  This is a setup where $1,000 of puts could return you $5,000 over 2-3 weeks. 

As always - do your own research and don't risk more than you are willing to lose.  GL traders.

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