I have been short CAKE for a little bit. I made money on it but let it ride because I thought it will drop further. But the market in general bounced and sod did CAKE. Now, I am short and short, i.e. lost some money on it.
Re-evaluation of the metric I had, showed that it is still a good short but not as it was before. However, the technicals are looking pretty good. I am going to to let it ride. My cost was $33 and now it is $35. I am going to let it ride up to $37 and then cut it loose if it passed that.