Yesterday I shorted HTCH, and today it's down by about 25%. I shorted HTCH based on what was shaping up to be a nice head and shoulders pattern. Sometimes it doesn't pay to anticipate the completion of a pattern, but sometimes – – rarely – – it works out beautifully.
The irony is that the stock seems to have stopped its plunge exactly at its neckline, meaning the pattern is still not complete, so I've gone ahead and taken my profits, counting myself fortunate.
