Mongo Like Candy

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Most of you know how fond I am of MongoDB as a short position. The top is absolutely gargantuan. It may take many months (or even years) to fully play out, but this is the cleanest head and shoulders top I’ve ever seen in my life. It’s textbook.

Isn’t MongoDB growing though? Yeah, it is. Want to know how? Its losses. Just look at these suckers get bigger each quarter. There is no P/E to offer, since there’s never been any “E”.