At 26.5 MDX looks very "toppy", lots of small sellers have appeared over the last few days. The technicals lean towards a "distribution" of stock with a downside bias. At 11 bid on the short dated oppies they are "out of the money" by 4.5 cents. Took a haircut and quit my position in the oppies. RCH should have been much stronger in to-day's market. I may be horribly wrong here but better safe than sorry. Might be truth to the fact that drilling has been delayed and we might have some daytraders quit their positions until a date firms up?
At 26.5 MDX looks very "toppy", lots of small sellers have...
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