damdaman
Short

CP down to 200 if 210 breaks decisively

NYSE:CP   CANADIAN PACIFIC RAILWAY LTD
29 2 0
I've been short since 214. When I initiated the trade I targeted 210 as the key level in the short term to break, and sure enough it is stalling there today. A decisive break below 210 could easily send it back to 200. If 210 holds and the broader market turns up, back to 220 is likely.
That actually happened faster than I expected... I suspect there could be more long-term downside here, but it has been in a strong uptrend and I decided to exit at 203, as I was looking for a short-term swing trade, not a long-term short.
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damdaman damdaman
Sure wish I'd stayed in. :)
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