Super Nova on a company selling off shares of acquisition on a POS company. Said acq was still speculative and actually increase expenses following it. Way over extended on news at 100%+ spike, waited for sideways action and failed break out and fading volume. Plan: 6.20 / 5.50 Short 6.01 on second red. Held failed breakouts. Should have let day played out and made decision on Day 2, but bearish market, shorts favored on these spikes, and not hot sector or region.