Shorts are getting nervous.
Covered all my shares @ 257.75 for another gain. Kicking myself because $255-$256 was the obvious short term area to cover.
This is still a short.
Get it back up into the low $260's and I would most likely reenter on the short side.
Once it takes out the $254-$256 area $250 and the high $240's- $247ish will be in play.
Now all this will be somewhat tied to the overall market.
Good luck long or short but I have no intention on playing this to the upside because I do believe valuation or lack there of matters and when the music stops I see this down and not up.
down $10 in under 24 hours. Yeah they are very nervous.