Originally Posted by cky23k
Doubled down on my CSCO short, average now @ 16.52.
Might add to my LHO short if there's another pop soon, but market looks fairly weak in the near term.
LHO about break even in 3 days. CSCO down 3% in 3 days. The market has defied all odds and kept rallying the past few days. I'm not worried though everything I look at is flashing sell. Only a matter of days till we correct.
CSCO the POS should fall hard and hopefully within a week or two. I need to get out before earnings (8/15). I think there's still money to be made here, but I don't think I'm going to add to my position for risk control reasons.
If CSCO for some god forsaken reason doesn't retract, I'll make my decision quickly and take the loss, but as of now I still think I'll be profitable on this trade.