After two successful stints shorting Riverbed Technology (RVBD) the 3rd time was not a charm. The rising tide is lifting all boats has simply been too powerful to overcome - the tide has finally reached this stockand we were using $21 as a mental stop. The current price is $21.10 so I'm going to take the 5% loss on this 4% allocation. Even if it reverses back down from here I don't want to short it again until it is back below $20.
In fact, this is now a nice long possibility - with a stop out below yesterday's low in my opinion.