Here is a stock I may look at shorting for next week American Greetings (AM). I've labeled the support/resistance areas and it looks like it could be setting up for some more pullback. For disclosure, I have yet to enter a position in this trade and may not follow through with it, just wanted to point out something that peaked my interest
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Saturday, May 01, 2010
American Greeting Short
Here is a stock I may look at shorting for next week American Greetings (AM). I've labeled the support/resistance areas and it looks like it could be setting up for some more pullback. For disclosure, I have yet to enter a position in this trade and may not follow through with it, just wanted to point out something that peaked my interest
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I entered a short position via puts on the Jul $20.00 @ 0.50.
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