P (Pandora Media Inc) was another short trade idea mentioned in last Tuesday’s Social Media Stocks video as offering an objective short at the time (price was 29.71). Although already down nearly 6.5%, this one still has a lot of meat left on the bone. I have added one additional sub-uptrend line that was not discussed in the video in which a break below that level would offer the next objective short entry or add-on to an existing position. Price targets remain as discussed in the video although the exact suggested buy-to-cover levels have been added to this updated daily chart. Consider a stop above 32.00 if shorted last week around the 29.70 area or somewhat lower if shorting or adding to the position here.
