Covering Position in FNLY

Friday afternoon I decided to cover my position in (FNLY) at $2.73. This has been a huge gain on a percentage basis (29%), but recent insider buying has me wondering whether I’ve squeezed as much as possible out of this trade. I don’t necessarily think that insiders know that Christmas will be healthy, but what I do know is that they wouldn’t be buying if the company was about to go bankrupt. Maybe I’ll think about re-entering at a higher price, but it seems like I’ve squeezed about as much as possible out of this one in the near term.