for those in the TIBX short trade, as i am, we are feeling the pinch of a short-squeeze today and although today’s move could have some legs, i am not overly concerned with it at this point. this trade is just slightly above the original entry price and still well below the 2nd objective add-on price which was recently posted when TIBX re-tested the broken uptrend line. i would like to see the stock stay below the bottom of the july 6th gap (28.55) and will only consider stopping out of the trade if TIBX enters that gap. sitting tight on this one for now but just wanted to post an update for anyone in the trade. as always, use stops that are in-line with your own trading plan and risk tolerance. updated 2-day chart:
