Shorted into a failed morning spike and stock went red on the day. I was expecting a morning panic. Unfortunatelly they have saved it and stock has made a double bottom @ $1.30 so i coverd for a punny profit. I should have stuck to my original (stop/loss) which was that i am going to held my short as long as it will stay red on the day. I that case i would held my small short through all day and overnight and i would be covering my shares the next day into another small morning panic.