This made me have a closer look.
I noticed that an inverted (bearish) MFI-T is due to expire this Friday the 20th +/-1td.
Friday being an opex day it also makes sence since many November naked PUT sellers, are boxed into a corner.
Any new lows after say next Tuesday and all bets are off.
These MFI-Ts, initially observed by the late Terry Laundry (a bona fide genious) and Parker Binion his associate, do not allways work out but when they do they are just perfect.
I am completely agnostic to the company's fundamentals apart from reading that a short seller blew the whistle about some bad accounting practices.
http://stockcharts.c...id=p58967134956
Left side is the highest price day i.e. 8/6
Center post is the lowest mfi reading day so far i.e. 9/24
Expirarion day is an equal trading days distance projected to the right i.e. 11/19-20
Bottom line expect a low tomorrow or on Friday.
A new low after Monday-Tuesday next week means all bets are off.
I will not trade it and if I would, I would buy Dec and/or Jan Calls.
-tria
Edited by tria, 18 November 2015 - 06:22 AM.
