What to short: TXT
How much to short: 128 shares (based on a hypothetical $10,000 portfolio and risking 3% on the trade)
Current Price: $8.08
When to cover at a loss: Based on the stocks volatility, my method says to place a buy stop at $10.42
When to cover at a profit: After a close above the 50dma
(Like all my posts, this post is for informational and record keeping purposes. It is not a recommendation to buy or sell any security)
