Infosys Finally Relents

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About a month ago, I wrote a post about the handsome pattern Infosys was in for a short sale. Although it didn't follow the head and shoulders pattern that I had anticipated, it stayed below its gap at 74.69 and thus didn't get covered, and I'm glad for that. INFY finally gave in, falling double digits right at the opening bell this morning. The stock is succumbing to the same kinds of cost pressures that I think are going to eat Google alive in the coming years.