The retail stocks seem to have found a short term bottom and I am closing out the short positions, declaring victory and waiting for higher prices to put them out again:
300 M @ $10.60
100 GPS @ $13.25
100 ARO @ $25.50
I want to reiterate that I do not believe that retail and related stocks are done going down. It just feels like there is some small upside and better prices to short at in the near future.
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