DIVX is holding up on its 50 sma currently. If it breaks below however it's definately an opportunity. Therefore I would look to short DIVX once it breaks its 50 sma and look for it to head lower.
Wednesday, December 12, 2007
Volatility Reigns; DIVX
After erasing a huge gain, we're now sitting down 37 points on the DJIA. As I said in a previous post, we were looking for the market to hold its early morning gains. Now that it hasn't I think the market is in a mess. Citi's down 7 percent and counting and WB and BAC are right down there with it.
DIVX is holding up on its 50 sma currently. If it breaks below however it's definately an opportunity. Therefore I would look to short DIVX once it breaks its 50 sma and look for it to head lower.
DIVX is holding up on its 50 sma currently. If it breaks below however it's definately an opportunity. Therefore I would look to short DIVX once it breaks its 50 sma and look for it to head lower.
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