Corto
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!
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