-Shorted 76.68 (9;37). Thesis being I do not believe in the takeover given the source (Daily Mail - see what has happened to $IMAX which has the same source), and the market cap 37 billion. Also the last half of Friday’s trade was one big downtrend, and given this downtrend seemed to want to continue thought it was worth a shot...with a dollar amount derived stop at 77.78 which was triggered at 10:33.
Thoughts: fair enough it ended below my entry point. Should I have done this better? Re-visit tomorrow.
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