Bookkeeping: Closing Brinker (EAT) Short

I am closing the 2nd half of the Brinker (EAT) short [Jan 27: Bookkeeping: Short Brinker] at roughly $11.22. The stock fell to its 20 day moving average yesterday and has bounced off it this morning. Since that time I've added other short positions to offset the long exposure so I can take this half off now and keep fully hedged. This was a thesis that a double top was forming and the stock would pull back; this came to fruition at least in the time frame I care about.

Both halves of the trade worked out, but this 2nd portion not quite as profitable as the first half - however in this market, every profit is a good one.

Brinker was shorted in the $11.70s - half was covered in the $10.80s (+7.8%) late last week, and this half today in the lower $11.20s. (+4.5%) - just over 6% gain in a week on a combined basis on just over a 3% stake.

p.s. I am still very interested in that Amazon short... need to see this market give up the ghost since tech stocks are the flavor of the week.

No position