$MSFT - Fold the Hand

$MSFT

MSFT 0.00%↑ reported earnings yesterday afternoon, and is up almost 9% in the premarket. I’m reminded of this great scene from Rounders - Fold the hand. A close above $294 would nullify the previously outlined short idea. Will this jump hold? I have no idea. But risk management says fold the hand. To be revisited if prior resistance (now potentially support) is violated.