This one is dumb. I'm shorting because this is a POS company that ran up yesterday due to the January effect. While I stand by my thesis since it went G/R on the day, the heavy support was at 1.50 which it bounced off 3 times intraday. If 1.50 cracks than all hell breaks lose. My mistake was my entry timing was way off. I entered right near the lows when I should have waited for the bounce! It did bounce to 1.65 after the morning panic. That was the perfect entry. Lesson learned.