MFLX ==> The Exelauno Day Winner

[lemonjello]

Do you feel lucky, punk? Well, do you?

It's great how well charts work now, after the fact. I'm fairly certain everyone is amazed.

Now if you really want to impress, tell us how high it will bounce and where it will go from there.




Agile call buyers can make up some ground if they can trade the bounce. I'm thinking this is dead money for a couple of months after the bounce.

[New-born baby]

Impressed

It's great how well charts work now, after the fact. I'm fairly certain everyone is amazed.

Now if you really want to impress, tell us how high it will bounce and where it will go from there.




Agile call buyers can make up some ground if they can trade the bounce. I'm thinking this is dead money for a couple of months after the bounce.

Lemon,
I am glad that everyone was amazed. However I would not exactly say that charts work "after the fact." I would say "charts work." Here is the post of April 27 that forcast the drop:http://www.mrmarketishuge.com/showpo...&postcount=131

The next 20 days or less is going to tell us how far MFLX is going to fall. It is likely going to fall another $18--that is a horrible number if you are long; wonderful if you are short the stock.

My prediction for today is that MFLX may fill the gap down to $41 today. If it doesn't it is most likely to find a way to fill the gap very soon.

How high it will bounce? Probably no more that the height of that red candlestick--about to $48.50 or so. I'd have to assess the chart day by day until a recognizable formation develops. When it bounces up, selling the $50 or $55 call is most likely the safe play. Another play would be to BUY the put on this one. Let's say that MFLX bounces to $48.50. BUYING the put for Sept or Dec would be a good play. You would be anticipating the break of the neck--I'll post the chart when the formation develops--and a fall of $18.
For those MM types who got stung on this fall, here's a chance to get your money back at a risk of a few hundred. For added safety a covered put could be used, too.

[mrmarket]

Oversold, in my opinion. I'm going to jump in on some calls. I'll let you know which ones when I hit it.

[New-born baby]

Oversold, in my opinion. I'm going to jump in on some calls. I'll let you know which ones when I hit it.

might be right for a few days bounce because today will be a gravestone doji.

[mrmarket]

Ok...I just bought the August 45 calls at 3.90. Let's see where it takes me.

[spikefader]

might be right for a few days bounce because today will be a gravestone doji.

Now there's confidence for ya hehe

[New-born baby]

PUT it down, SPIKE

Now there's confidence for ya hehe

I might buy the AUG $45 put first . . . we'll know pretty quick, within the next 19 days . . . because when that neckline breaks at $48 or $42, that'll tell us all what's in store for MFLX.

[spikefader]

Just to remind everyone what still 'is'....

And the 44.00 red and yellow 'C' resistance ..... they "still is".

Until it isn't ya gotta respect them. Updated Chart

[New-born baby]

Ems

Just to remind everyone what still 'is'....

And the 44.00 red and yellow 'C' resistance ..... they "still is".

Until it isn't ya gotta respect them. Updated Chart

Got a gap fill today. Closed at LOD. Ugly chart.
Should have bought a $60 put about a week ago . . . .

[New-born baby]

Broken Neck

I might buy the AUG $45 put first . . . we'll know pretty quick, within the next 19 days . . . because when that neckline breaks at $48 or $42, that'll tell us all what's in store for MFLX.

The neckline broke at $42.

[spikefader]

Yup NB. Ze market and MFLX are in some sticky times.....Chart

[New-born baby]

Yup NB. Ze market and MFLX are in some sticky times.....Chart

Spike,
Talk about the market. Unfortunately, I think what you have to say is going to instill some fear.

[marc_ely_invest]

Can this thing go any lower? Unreal.
It's been a real lesson in choosing a sell-point for me. I was +20% in this a couple of weeks back and held it to try and get nearer to MrMarkets target figure. Ouch.

[DSteckler]

Can this thing go any lower? Unreal.
It's been a real lesson in choosing a sell-point for me. I was +20% in this a couple of weeks back and held it to try and get nearer to MrMarkets target figure. Ouch.

Trade the charts, not anyone's opinion. MFLX had been making a series of lower highs and lower lows the last three weeks.

[mrmarket]

Based on MFLX's earnings, I have no doubt that it will reach my target.