Deere Jumped. A Once In A Year Jump. Boy Did It Jump.
If it jumped this much can you purchase a Put $8.69 "out-of-the-money" at 10:09 a.m. shown below that expires tomorrow in the hopes that some of the froth comes out of this stock? How do you jump in to play the downside with any confidence? Is a reversal imminent? It becomes a question of waiting it out to see when it tops out. There are other stocks we can look at for guidance in what to expect. The entire trading community has their eyes on this situation. When G.M. had an earnings report release back about three weeks ago the stock jumped something like four or five dollars and then hung in at that higher level for an extended period of time. Here is a chart showing that situation. Once Deere stops going up is it going to linger sideways for a while? Probably not. It's not like the company suddenly discovered gold. They make tractors. It's kind of a boring business. Let's find out. It's now noon. Suprisingly Caterpillar is not jumping up in sympathy. W...
