A Good Example of a Short-Term Cover

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I am covering some shorts today, because I think a bounce is in store for some of them; a good example is Canadian Pacific (CP), shown below; I think it’s got lower prices ahead, but for now, I’m taking very short-term profits and waiting to short again at higher prices. My earlier trade was entered around, shown with the arrow, and covered minutes ago, shown with the second arrow.

0404-CP