There's going to be a stampede for the door soon. You don't want to get bottle necked for the exit.
I have come to the decision the risk reward isn't worth losing my profits. I covered when it went through $27. If the 50 day at $30 is broken this thing will FLY back to $40 and I'll short again. Moving over to some oil options. Good luck all.
I'm short at $40 so I have a nice profit. I'm concerned other shorts covinerng here will take it up and through the 50 day then ignite it and lose my profits. Where would you set your stop loss?