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173: Michael Katz – Riding Price Action—A Complete Breakdown of the Lyft IPO

Chat With Traders

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How to Cover Your Full Short Position

So it looks like you covered your full short position. Must have been about 20 minutes past one, where it sort of looked to you as though that 80 level was maybe going to be quite a strong support level and the price started to bounce a little bit. And if it's going to break 80, I'm looking to hit back into that 80 short. So then it ended up going past that 81.50 point where it bounced to before and kind of made a higher high only for a second. But that was enough for me to take it off, take off the remainder of the position.

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