Fundamentals specific to XiaoMi remain strong. This bearish move from the sudden flood of locked up shares comes amid a broader market rally. Take advantage of this single event as shorts anticipating this sell off covers.
Comment:
Here comes the short squeeze just before CNY. Get prepped for upside surprise earnings on Feb 27. Target $12
Trade closed: target reached:
$12 reached
Comment:
Moving forward, long term hold should also be a solid strategy. At some point it should surpass IPO $17 in the coming year or so.
Comment:
Correction: Earnings is today, not the past Feb 27 as stated in the earlier comment.
Trade active:
End of year target $18