Sometimes a play entry is conditional
The play is no longer valid if it trades to or above a certain value before you get in
This is the case for UNVR ERO IYC in 30jan2023 MU Update
The 14feb2023 MU Update says IYC play is no longer valid
However, 14feb2023 MU Update FAILS to invalidate UNVR & ERO plays
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For IYC on 14feb2023 MU page 15 :-
"It traded to 65.00 before we could get in. Hence this play is no longer valid."
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For UNVR on 30jan2023 MU page 10 :-
"If it trades to 34.80 before you get in, the trade will no longer be valid."
UNVR closed above 34.80 between 01feb & 08feb2023
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For ERO on 30jan2023 MU page 11 :-
"The order is invalid if the stock trades at 16.80 before you get in."
The high for ERO on 01feb & 02feb2023 was above 16.80
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Inconsistency of play invalidation
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- blue pill or red pill
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