$100? when? 2017? How much more expensive do you think this yoga pants retailer deserves to be? Please explain where this growth is going to come from to drive it there this year. The numbers simply don't make sense to me any way you slice them. Perhaps I'm missing something? Please tell me so I can close my short position if I'm wrong. This thing smells of AMZN in 1999. Great future, great brand, way overpriced stock.
People have been saying how overvalued it was when it was at $15 (split adjusted); same stories; new traders taking shots at it.
They think it is just a retailer.
A little research (or maybe a lot of research) will tell you it is an emerging athletic brand for women. That is the story! If are not aware of that, then it will frusterate you as wonder how an "overvalued" stock keeps going higher; then the conspiracy theories, "manipulation by market markets" etc.... will pop up into shorts' minds.
Yeah technically it is but at some point that's going to change and when it does look out below. But yeah, problem is this market can remain irrational longer than I can remain solvent :-) 3 months and no correction whatsoever.. VIX near all time lows (last I checked). Perhaps I'm being foolish and fighting the Fed who won't allow stocks to go down under any circumstance, even yoga pant sellers trading at 12x sales and at a premium to even other premium high end brands.
All in for higher prices Bubbleonians! This isn't a market it's a casino.