USAC Has More Downside to Give
*not investment advice*
The short position I entered at the end of last week played out nicely. current volume and price action is (I believe) caused by the closing of short positions and the equity has further sell-off before we reach it's bottom. I'm looking at a bottom near or around the mid-low $15. Anything below that and I'd consider a strong buy.
The short position I entered at the end of last week played out nicely. current volume and price action is (I believe) caused by the closing of short positions and the equity has further sell-off before we reach it's bottom. I'm looking at a bottom near or around the mid-low $15. Anything below that and I'd consider a strong buy.
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