EDU is short from about $47.  Profits have been taken on one-half of the position around $38.13.

Now more information is available on fraud allegations.  Fraud, even if true, will affect less than 10% of their business.   For this reason we consider booking profits and exiting in the zone of $42 to $45.26.   EDU has traded in the premarket in the range of $42 to $44.15.