I covered my AXON short a few minutes after the close yesterday in the face of their explosively-positive earnings report. That left a scar, but I got out way cheaper than if I had just stayed put. Today I seek my vengeance. It isn’t a big position, but I have re-shorted AXON with a stop at 557. My entry price was 525.
The longer-term channel illustrates the bearish potential. This is a VERY thinly-traded stock with a big bid/ask spread, which is why I did something I do about 1 time out of 500, which is used a limit price on my order entry. We shall see!
