Bullet Point – The Battle Rages On
As you can see by the action today there is a battle happening. It would appear that the sellers are winning. The equity tests a low, bounces back up, and then tests a lower low. The latest was a test at that key level of $2.55 I spoke of. SIRI hit it and ran back up to $2.60. Keep $2.50 on your radar screen. The value in $2.50 options, which expire this week, is deteriorating quickly.