Aug. 19 at 7:25 PM
$DAVE This is the pullback from that head and shoulders breakdown. Should continue lower now. The length of the pattern is about 100pts, and that would drop the shares to
$100 from the neckline around
$200. I don't think it reaches
$100$100 but targeting about
$140 in 4-6 weeks. DAVE's 200-day sma is currently at
$132.19 and should climb up to
$140 within 2 weeks. Lots of action in the September 210 puts yesterday and then September 180 puts today. Looks like some spreads were used in the 180s today. Using those same 180 puts for my trade. Who ever made the spreads bought these 180 puts at
$9.00, and these puts are currently under that price.