A Recent Idea Revisited

You may recall my recent BKS call in which I caught the breakdown. It was a beautiful trade, I must say. Covered my short near the lows. Now this dog has rallied right back to the break point. It doesn't get much better than this: major top, breakdown and (now) rally back to point of prior break. I re-entered BKS on the short side yesterday and will be increasing my position here.

One other idea, real quick. GM. I'm licking my chops. I feel like GM is way, way overvalued. Or another way to say it is that I think GM is doomed. I caught a good part of it's recent breakdown but closed it out way too early. Now with a rally back to $28 I'm very excited to get another crack at it. GM is going much, much lower from here.