We’ll get out of the way of this hoax for the time being, re-shorting the stock when it reaches the 268.50 target shown. Judging from the way DaBoyz short-squeezed LNKD through the midpoint resistance yesterday, the target is all but guaranteed. When buyers reach 268.50, we’ll want to buy out-of-the-money put options, but with tighter risk management this time. Two subscribers reporting filling the earlier spread order for 1.10 (x 8), but I’ll assume it was exited for 0.90, generating a $160 loss. (Note: It would have been possible to exit for as much as 1.25 after I blew ‘taps’ on the position.) I will recommend the short from 268.50 only to those who have profited from the strong, potentially last-gasp rally that has yet to unfold. _______ UPDATE (October 8, 2:53 a.m. EDT): We’ll put this one aside for now, lest we risk death by boredom.
