I see so many charts like this, but really folks - when the maker of scotch tape begins to gap up on earnings we've reached a state of silly. I am shorting just under $70 with a nearly 4% allocation; what I like about this name is 99% of the time is it not volatile so unlike stocks we've generally been shorting I don't anticipate it opening up 11% any session. So if we are to lose on this position it will happen during an intraday movement and very easy to contain.
There are again, COUNTLESS charts that look like this - when this market falls so many stocks will have no support to fall into.
Short 3M in fund and personal account