This is the beginning of the downtrend in PSMT.Profit margins are getting lower faster than expected. I'd sell into that big PSMT recovery today.
Just curious, how big is your short position?
initiated 4000 short position in the last hour of trading yesterday at an average of ~ $75.Covered half right now at $70.50
That was a gift. 35x pe. Way ahead of itself. Most likely someone closing a short. Should see it back under 70. IMO.