Long

MKSI Instruments - $MKSI - Dip

Updated

is trading far below the 2x stddev on the linear regression 255-day chart band. I'll be monitoring this one for the next few days, scouting an entry. I haven't found much news with a preliminary sweep, so I'll be aiming to buy calls before their next earnings report.

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Watching to see if the price dips a second time or just continues up from here. If it continues up, I'll try and catch a ride. If it dips, I'll buy calls at support (around $100).

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Looking for a double-bounce off of the $100 mark. I'm in a holding pattern until then.

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I will see what tomorrow holds for -- I already made a quick day-trade of some calls on the first bounce. I'm hoping it has now completed its double-bottom and will only rise from here.

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Looking for entry at this time -- also waiting to see if we dip again, as I'd like to avoid holding anything on its way down.

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Dipped on bloodbath of yesterday -- I'm currently trying to buy calls

wounsel

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