Buying to Close ANGI short

I have decided to end my ANGI short for the following reasons:

  1. This is my first short
  2. Stocks tend to go up
  3. I have made over 10% within less than 2 months

I learned quite a bit via the exercise, and am still extremely confident that Angie’s List will fail in the long term. Unfortunately, I cannot predict the short-term and believe the stock may have hit a floor. I will post again when I believe the stock is primed for another sell-off.

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