This market drubbing makes us miss the good ole days of yesteryear. Remember when ShakeShak (SHAK) rallied from 40 to 90 in 3 months? Well, last week the stock gave up that IPO level.
Think about the other hyped 2013-2014 IPOs that have lost their IPO floors. Twitter (TWTR), Fitbit (FIT), GoPro (GPRO) etc. They’ve been pummeled. This isn’t a handful of coincidences, it’s a trend. Use that knowledge to your advantage.
The supply-demand imbalance is epic. This is a 15 dollar stock masquerading as a 30 something dollar stock. Short rallies.
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