I suggest that anyone who decides that they have the chutzpah to short in this very bullish short-term tape to keep the short very small. This is going to be a small position as the breakdown is at the very key death crossing area where the stock failed at one moving average and broke down below another. If this short doesn’t work here, you will know we are going higher. If THOR yesterday didn’t convince us, this one definitely will because it is a real breakdown from a topping pattern.
new short position: TIF
TIF is failing right at the 50 day moving average and breaking down below the 200 day moving average, on very strong volume. Cut your first loss with a close above the 200 day moving average and your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
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