Time Warner in the battle Struggling a bit but I would be a buyer at 89.65. That it means, if I see an opportunity to get in I would be short on TWX.
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Timewarner
Expected volatility in AT&T The final ruling in the anti-trust case against the proposed AT&T-Time Warner merger is expected on June 12. Either way the decision goes, price movement is likely. Current prices suggest a recovery from the recent decline. Options strategies that hedge against movement in any direction may be profitable.
TWX - Finding the reversal areasThere is always much to learn.
Something I have learned very important from Shane was, to observe what's going on, how price behave and what it does where. Lot's of questions to ask.
I drew the two narrow resistance lines about 1 month ago, just to observe once more, how price will react on them.
Isn't it amazing?
To catch such zones, one may ask the chart:
- where is something important?
- what did it to the old structures?
- context?
- did it break hard, slow and where is the close?
...of course, there is much more you can ask the chart to find out more.
And if the people around you think you are going nuts, then you know that you are in the perfect synch with the market by talking to it to gather important information. ;-)
P!
- no, I did not tradet it blindly. But now i have a handle to trade it...let's observe.
Good Short Opportunity for TWXMost likely a pullback.. I don't think the AT&T deal is gonna go through..
