Covering TWTR Short at $44.93
Realized gain of $1.05 (2.28%)
Dirty day traders need to make some money too!
This was a very reactionary trade that needed a short leash. Making 2% in an hour or so is pretty darn good - so I'll take the profit and let the story play out without worrying about it from here.
Say I think TWTR is worth $35/share vs. Musks' "offer" of $54.20. That's about equal upside vs. downside (20% each). While the probability of going down might be higher than going up, I don't want to have to babysit the story. Frankly, I don't care about whether Twitter gets taken private by Musk or anybody else.
On to the next trade!
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