Wednesday, December 20, 2006

BIDU - Nice try, Here's your consolation prize

Bidu tried to suck me into an options swing play today...... But this was one of those ones where you just had to let it go in order to see how it would behave.
I was considering chasing that breakout, because volume looked decent at that point. But I've seen breakouts fail, so I had to be cautious (once bitten, twice shy). Turns out my cautious side saved my rump roast. Nice try BIDU, you'll need to come up with a better trick next time !

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