Starting Half Position in COST Short

This is an equity short, it is 50% the size of a full position for me that is no more than 15% of portfolio before margin so it would be about 7.5%.

One reason is I'd consider adding to it on any strength, the other reason is it's not the highest beta stock, but I can average up the gains as short position gains are available right away to be used (at least some of them), whereas a long position you need to sell it before you can use the gains, this makes pyramiding a winning short a good strategy.

So for now, 50% position in COST, obviously with a wide stop, enough to be able to add to COST if it were to make new highs.