I entered POT today as a bounce play at $125.10. As I have been preaching, postion size is small.
Reasons for entry:
1. Stochastics oversold
2. Extreme weakness today
3. Positive divergences in RSI and OBV (indicators are making higher lows while price is a lower low).
1. Continuation of downtrend
2. Negative market reaction to tonights bailout plan.