Short SFIX

sfix-GREED

 

As mentioned before, the market is in clear “melt up territory.”  And this presents us with some great shorts.  StichFix (SFIX), has had unusual bidding behavior, probably from a combination of short covering and market makers bidding it up for no reason.  Anyway, this stock will trade in the 27.50 ~32.50 region soon, so an entry on this triple green bar is solid.  There’s a 10% upside and 40% downside at this price… SFIX has entered greedy territory and gonna snatch some of that premium back from the dreamers.

 

Short 43.

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