I made no secret that Sally Beauty Holdings was a good short, having done FOUR posts to that effect earlier this year. It’s finally kicking into high gear. I remain short.
Oh, and as for me dumping my SPY puts early this morning……..PHEW!!!!!
Many of you know of my fondness for being short auto retailers. This really paid off last month when such firms as O’Reilly Auto Parts……..
Starting in October 2016, I pointed to Chicago Bridge as a fantastic head and shoulders pattern. Here’s one of the earlier charts I offered:
Nearly four months ago, I did a post called Short Now And Profit, which boils down to the acronym – surprise! – of SNAP. I’ve been pissing on this IPO ever since it came out, and now it’s gone sub-teen, approaching losses of 60%.
As a public service, I will remind my readers that Evan Spiegel is understandably not concerned about the unwashed masses getting wiped out by their bag-holding ways, as his mind is focused on his lovely bride and all the fun they can have together – – so forgive him.