שורט
GRUB | Short
To begin, I am an American albeit do not live in the USA right now; I know what Grub Hub is though. Therefore, would love to hear & listen to positive or negative comments to this position.
To begin, GRUB has an earnings submission coming very soon; their stock has not acted positively to them since ~2018; pls take a look.
Since 31 OCT '19 ( low ), it has increased by 72%. Run the numbers but you will see this is right on 3 Standard Deviations in their short history. This move only happened once & that was in AUG '16; which can called the "GRUB Bull Mrkt" ( I just made that up ); again, take a look. During that lead up, it did "top out" & pull back a bit. I believe this time to be different as I believe we are in a "GRUB Bear Mrkt" ( 6 Mnth moving average pulls below 12 Mnth ) & will not only pull back but will break the previous low as we are in "GRUB Bear Mrkt"
Aside from Moving Averages, why a GRUB Bear Mrkt? I would advise to take a look at the news for GRUB "this month." Mgmt is making changes to many aspects of their billing; they typically don't give concessions to their revenue providers when times are good.
Low barriers of entry in this mrkt don't help & they are riddled with competition; Uber for example.
I won't go into details about Stop Losses :: enclosed one in x2+ Mnthly ATR albeit anything can happen after earning submission.
As mentioned, pls share comments!
To begin, GRUB has an earnings submission coming very soon; their stock has not acted positively to them since ~2018; pls take a look.
Since 31 OCT '19 ( low ), it has increased by 72%. Run the numbers but you will see this is right on 3 Standard Deviations in their short history. This move only happened once & that was in AUG '16; which can called the "GRUB Bull Mrkt" ( I just made that up ); again, take a look. During that lead up, it did "top out" & pull back a bit. I believe this time to be different as I believe we are in a "GRUB Bear Mrkt" ( 6 Mnth moving average pulls below 12 Mnth ) & will not only pull back but will break the previous low as we are in "GRUB Bear Mrkt"
Aside from Moving Averages, why a GRUB Bear Mrkt? I would advise to take a look at the news for GRUB "this month." Mgmt is making changes to many aspects of their billing; they typically don't give concessions to their revenue providers when times are good.
Low barriers of entry in this mrkt don't help & they are riddled with competition; Uber for example.
I won't go into details about Stop Losses :: enclosed one in x2+ Mnthly ATR albeit anything can happen after earning submission.
As mentioned, pls share comments!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.