Exit your POT short positions

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Pot is approaching its long term trend line right around the $220 level. This would be a good time to exit your short positions if you haven’t done so. Could we have another $5-10 more to the downside? Maybe, but you are safer exiting now and waiting to see if we reverse direction and then enter long at that time.

Disclosure: I have sold all my POT Puts today as the stock fell to my $220′ish goal.

Happy trading