Bookkeeping: Covering Half of Texas Instruments (TXN)

Since I have a quick gain in a slow moving stock I am going to take half the short position off in Texas Instruments (TXN) with a 2.5% gain.  In absolute terms that is not a huge gain but this is not a 'fast money' stock so 2.5% on TXN is like 10% on Baidu for example.  My ultimate goal as a hedge was $23.25ish, and already in less than a day it's at $23.33 so 8 cents away - there could be more downside, but it would need to break to new (recent) lows to penetrate $23.  I was fortunate with a news event so I am going to capitalize with at least part of the position.... since the stock is not very volatile I went with a larger position than normal of 3.4% exposure... I'll be down to 1.75% post sale.  Strategy from here is to sell the rest if the market finally relents and gives us a down day, taking TXN along with it.... OR reshort the half I just let go on any bounce closer to resistance near $24.  The chart remains poor.  But for now, I'm satisfied with the quick scalp since none of my long positions are doing a darn thing today.

Short Texas Instruments in fund; no personal position