Early part of last March, I was thinking the same thing essentially and then we got a bounce and I was feeling quite confident SLW was going to move higher. The EW TA folks were posting prediction for a downturn. They were right and I was wrong. Today, they are predicting a downturn and I am suggesting that the $25 to $26 support generated last February and early March may hold as it essentially has for the month of July and again today. As support for the EW TA folks, there is a gap between $23.65 and about $25.91 that has yet to be filled, and there is a very good possibility that it will be filled. Long term I am quite confident the trend has turn toward higher PM and PM stock prices so a mistake on the long side can be held for eventual profit. Not the case for a wrong call on the short side, so for me, when I do short, I do it with puts to define the downside exposure.
I think you have more guts than a government mule shorting here with seasonal trends working against you and at least some tech indicators suggesting $26 might hold. I actually hope you do well as I have some dry powder to burn. If SLW gets into the teens, I will be buying call options