Early this year, I pointed out Sally Beauty Holdings as a nice short setup. Here’s the graph at that time:
I have endlessly touted the virtues of shorting Pier One, the seller of scented candles, bongo drums, and other knick-knacks from around the world that, let’s face it, no household really needs. This short is really starting to kick into gear.
Exactly as I predicted………
I covered this position for a nice profit. Thanks, Lady Di!
As mentioned countless times in the hallowed halls of Slope – – a marvelous short.
I have mentioned Finish Line (FINL) again and again and……….again!………as a short candidate, both here on Slope and on tastytrade. Well, the analog I’ve pointed out ad nauseum is really kicking in, dropping nearly 20% on Friday alone.
As is so often the case, my charting was brilliant and my trading was idiotic. I covered this thing earlier in the week for reasons I cannot fathom or even remember. I guess I’m simply the ghey. But in spite of my personal idiocy, I am pleased to have offered up another terrific plunger. Much lower prices to come.