6/4/24 - vrockstar - 
SFIX - guys look - all the clothing names/ shoe brands have been doing well this EPS season but i'd not include SFIX in this bucket b/c not a brand owner and quite frankly - the trends suck per the google trends link below (which is proved by the financials). could there be a quarter here or there that bucks the trend optically and send this thing vertical w/ 14 days to cover (massively shorted)... sure. could this be the quarter? probably not, but always "possibly". i don't play those situations to the long side and the stock is so damaged that if it got punished 20% on a bad print i'd be forced to take the L and the wrong decision would be to double down (probably because it extends losses). even on the upside, we've see stocks that are bad charts get dumped fast by bag holders. i'd expect nothing different here. i'm not interested in looking at this one further unless there's some obvious fundamental change (and i'm open to it!) but for now this will bleed to zero w/ the fundamental profitability never hitting zero and "FCF" and decent balance sheet being the only redeeming factor. i don't play financialization games - i like secular winners - and this isn't one. sry to holders but i need to see the truth to make money. lmk if i've missed the boat.
-V
trends.google.com/trends/explore?date=all&geo=US&q=/m/010ql3n8&hl=en
SFIX - guys look - all the clothing names/ shoe brands have been doing well this EPS season but i'd not include SFIX in this bucket b/c not a brand owner and quite frankly - the trends suck per the google trends link below (which is proved by the financials). could there be a quarter here or there that bucks the trend optically and send this thing vertical w/ 14 days to cover (massively shorted)... sure. could this be the quarter? probably not, but always "possibly". i don't play those situations to the long side and the stock is so damaged that if it got punished 20% on a bad print i'd be forced to take the L and the wrong decision would be to double down (probably because it extends losses). even on the upside, we've see stocks that are bad charts get dumped fast by bag holders. i'd expect nothing different here. i'm not interested in looking at this one further unless there's some obvious fundamental change (and i'm open to it!) but for now this will bleed to zero w/ the fundamental profitability never hitting zero and "FCF" and decent balance sheet being the only redeeming factor. i don't play financialization games - i like secular winners - and this isn't one. sry to holders but i need to see the truth to make money. lmk if i've missed the boat.-V
trends.google.com/trends/explore?date=all&geo=US&q=/m/010ql3n8&hl=en
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.