Went after HOTR which had been running up on positive news of acquiring BGR. Felt like there was a lot of resistance at 2.75ish from the 1 yr, 6 mo, and 1 mo charts and that it would come back down to 2.60ish range. Decided to short it but watch closely to see if it could run up. Felt like the risk was .10 to the reward of .20. Probably not good enough but did it anyway. Cut losses at 2.83... two minutes later stock plunged 0.17 and eventually went 0.32 lower an hour later. Oh well, rule#1