Five-star Sloper LZ emailed me this morning with the chart of General Electric Aerospace (GE), suggesting what an appealing short it would be. I agreed with him, noting that I had actually bought puts on it a couple weeks back and dumped them at a small loss. As federal law requires, those puts are more richly-priced now, so I decided to give the chart another peek.
I actually like the chart better than ever, now that it’s actually completed a top, instead of simply working on a top. So, I’m back in there again, this time with September $160 puts.
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