Verisign is sporting a well-formed head and shoulders reversal pattern. Sadly, the options on VRSN stink!

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Verisign is sporting a well-formed head and shoulders reversal pattern. Sadly, the options on VRSN stink!

Wow, did that bullish formation flop!

There are many ways to look like an unmitigated jackass. Take a parking spot someone was waiting for. Leave a small tip when the service was good. Or maybe fly off the handle and act like a lunatic on the news of a widely-followed court case. But one surefire way to do it is to speculate that NVDA has, in fact, topped. Still, I can’t help myself. The 10-for-1 split is a major force in this ceaseless acquisition of stock, and, ya know, that’s just plain dumb. I’d like to offer this trendline as a formidable foe to this endless quest for daily lifetime highs.

Two interesting charts which both have head and shoulders “tops” which are actually at the bottom of the chart! Looks bad, fellas!
