Abyss Trade – GMCR
I'm starting a new category on zentrader and it's going to document a very specific sort of trade…it's called the ABYSS Trade. Essentially it's focusing on recent momentum stocks that have had a significant correction, but have not violated any critical technical levels.
I'll be looking to pick up a small amount of shares or buy them via options if I find any I like. If you go with an option be sure to buy yourself at least 3 months as this could take a little while to play itself out and you may have to sit through some intial losses.
If you want to know intraday when I'm going to pick up some shares you can...
Read the full GMCR analysis at Zentrader here.
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