KM: 7/10/08 Full Disclosure

Position: GPN put
Closing Price: 44.94

Target: 40
Stop: 47
Price Pattern: H+S with bearish break down from a rectangle pattern in the 30min chart

Pro's: the pattern had a good breakdown today and didn't gain much strength towards the end even when many other stocks rallied.
Cons: The huge drop today was followed by a near sized pop. I am unsure what that means but since it was unable to pull above prior support, that target is now good resistance and a good reason to stay bearish of GPN
Note: I decided to buy this back as i see GPN as one of the best short positions on my watch list. It is used as a hedge against my AZN call. The breakdown in the morning looks very good for GPN, but i am slightly concerned with the huge shadow on today's candle.