No. of Recommendations: 0
OK... barring any objections from the peanut gallery, looks like we have anough volume through me marks to consider me FILLED SHORT at order.

26.80 Entry Stop SHORT
x 740 Shares
OCO
27.60 Entry Stop LONG
x 700 Shares

IF SHORT FILL;
27.40 Stop-Loss Cover
(Share Risk .60 = Position Risk $440)
25.70 Stop-Cover (Reversal Trap)



SO...
I'm OPEN with a Short 740 Lot at 26.80.
Standing Stop-Loss buy-in order at 27.40 (which we we JUST shy of on today's rally high.)

I'm leaving the stop untouched. Let's see if the penetration below my 26.80 number was indeed indicative of a downward breakout, or merely a stretching of volatility. My wager has $440 plus r/t commissions at stake, with a fairly limited profit upside (MSFT isn't likely diving deeply quickly anytime soon, nor is there far to go...) Maybe there's about 1.0 to 1.5 available in a selloff... $740 to $1,100 (minus fees) for the trouble... roughly a potential 67% to 150% return on risk.

FISH ON!!!! It's SHOWTIME!!!

Dave
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