6 1/2 times book, 20% short interest, along with a ridiculous price to sales makes this stock a bomb who's fuse is lit; that is of course, unless they start selling the cure to cancer or discover youth potion. Shorting here 2k shares at $23.42.
WFM also has a high valuation, and is also technically doing fine. Some stocks just run hotter than others. Hopefully you do well with your short position, but so far it's loser trade.
It's hard to short when the tape is so strong, though I can understand the temptation to do so. there are better stocks to short if your looking to make money. But if you care to only be "right" you're probably in for a world of hurt - good luck
as usual it takes both sides to make a market, while the fundamentals are pesky and mixed the technicals at this point at least look the other way, while people are still eating this wholepaycheck stuff and it is a growth story and it is a growth story in the early stages and the printing goes on we have what could be a giant up pennant building.
No not yet. I spread my risk out and sold 10-SEPT-20 puts @$0.75. I like the theme, people will eat healthier; at least the ones without a death wish. My biggest concern is, does the CEO have the snots to exploit the opportunity?