Vroom vroom

[Brazen]

This is a nice looking chart now, time for a long I think.

[#2]

ja ja....8500 magic number....this would also give s a few successive closes above the 21 day ema...and a cross over (possibly)

[Galuc]

When a director exercises an option that big, then he knows something that we don't!

[saash]

Options are often exercised before expiry at the best price or over a period to get a range of prices. Its the dealing in the acquired shares that is significant.

[venice]

Brazen, I am interested(not sarcastically) in what you are seeing so that I may learn. Thanks

[#6]

Brazen, are you and C talking about the W or the cup and handle?

[Brazen]

Nothing too complicated venice, IPL bounced strongly off long term (3 year) support (late 60s early 70s) went up to resistance at around 85, pulled back and is finding support now at around 77. Hopefully it bounces here, breaks through 85 and goes even higher. What I like about a trade like this is you can buy at 7750 (which I did) and set a tight stop. So if support doesn't hold you're out with a minimal loss and if it does all is good. Chartist is right though, it would probably be better to wait for the 85 level, but I reckon it's a risk worth taking for me.