SPOT

At one point (see week of October 25), I was considering betting a lot of money that the head & shoulders on this stock was going to fail and break to the upside. Three months later and the pattern is confirming a breakdown below the neckline. You MUST be able to adapt and change your opinion in the markets to succeed. Could get some consolidation in the $180s, but ultimately I think this sees new all time lows this year. H&S target of mid to high 80s.