Posted On: 10/17/2012 11:30:40 AM
Post# of 474
$SBUX short update
I exited my full daytrade short position of $SBUX a moment ago. I took the first half off at 48.85 for a 24 cent per share gain, and the second half at 48.77 for a 32 cent per share gain.
I do not like holding shorts into lunchtime as that usually gets me into trouble. There stands a good possibility of a retrace to the 49 dollar area later today and that will be good for another daytrade short if done later in the afternoon or a swing trade as alerted earlier.
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