When our initial short using an old rally target at 34.50 got stopped out yesterday, we tried shorting again at 34.74 and got in a penny off the top (using the price reported by a chat-roomer who did the trade). I suggested taking a partial profit on the pullback that ensued, and so I’ll impute the paper gain to the cost basis of the 200 shares that remain. This leaves us short two round lots at, effectively, 34.91. For now, use a break-even stop-loss. ______ UPDATE (9:12 p.m.): The short-squeeze got airborne yesterday when the stock gapped open at 35.10, stopping out our position for a nominal loss of $19 per round lot. And now, we’ll gladly give this stock’s take-no-prisoners rampage wide berth.
