We’ve staked out a small bullish position using March 30 calls. The 12 that we bought yesterday @ 0.50 give us a position equivalent to holding about 200 shares of stock, albeit with time decay as a factor. We’ll be attempting to spread off the risk by shorting calls against our position on strength, but for now do nothing further. Incidentally, the buy signal was disseminated yesterday morning in two ways: in the chat room and via e-mail. If you want to receive the latter in the form of real-time alerts, be sure to check ‘E-Mail Notifications’ on your ‘My Account’ page. ______ UPDATE (November 8, 5:40 p.m.): The stock has fallen with the broad averages, but it will have a chance to get traction at 19.54, a Hidden Pivot target with ABC coordinates on the 15-minute chart at, respectively, 22.88 (10/26), 20.73 (10.31) and 21.69 (11/2). If this Hidden Pivot fails, structural support near 19 will beckon from lows made in mid-October.
