COST Short
Updated
Without a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape when both are working against against me. We are likely getting close to a trading low, but it may take more selling to get there. Another pilot short
Comment
Exiting half the position with a small profit as we have a long weekend and the risk of a big gap up is elevated. Covered half @446.62Trade closed manually
Exited position @450.84 on premarket with a small profit. Never liked the entry. Will wait for better long/short opportunities.
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