Closing my AO World short at a loss of about 5% vs when I first posted – stock is rallying very hard on no news whatsoever so I am pulling out for now.
I still think the stock is stupidly overvalued – but I cant take loosing this quickly. I need to be sharper than I am with my usual slow, value investments. I believe much of today’s rally will be due to shorter’s stops being hit above 290.
One day this will fall hard – I hope to be short when it does….
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