If DISH hits 4.50 it's over.
Updated
Over as in: the downtrend would be.
I wouldn't share disagreements with anyone who said they are buying DISH stock. It will be interesting.
I am not advising any such trading in this post. All I can see is, as a hypothetical, someone buying today at ~ 7$ is risking a fair amount of downside (40 ish percent), but that potential downside seems to be limited to that. This is not financial advice.
All I know is that at around 4.50 per share, a majority of transactions will be long. Secretly or openly.
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Again, unlike other posts, there is no trades here. Options volume will or could be the first signal.
I wouldn't share disagreements with anyone who said they are buying DISH stock. It will be interesting.
I am not advising any such trading in this post. All I can see is, as a hypothetical, someone buying today at ~ 7$ is risking a fair amount of downside (40 ish percent), but that potential downside seems to be limited to that. This is not financial advice.
All I know is that at around 4.50 per share, a majority of transactions will be long. Secretly or openly.
---------
Again, unlike other posts, there is no trades here. Options volume will or could be the first signal.
Comment
Reminder... *If* DISH hits 4.50, it will likely be extremely brief.
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