Another Dark Side Candidate...$SG will return to earth -> Short

After tripling in a few short months, riding the wave of strong earnings, its time for SG to return to earth. Looking at the chart you'll see a gap that needs to be filled.

Valuation is a concern here and on that simple basis it should fall to lower portion of gap. Opening short position here similar to short in $SHAK. Will add to position as momentum to the downside is established.

Trade active:

TBH, this has shown more strength than expected. That said, we still believe this is a candidate that will come back to the 20-24 range in the coming weeks. Adding to the short position...

Trade active:

Expected SG to follow the same path downward as $SHAK. Standard rotation after a rise...maybe towards end of quarter you will see more profit taking.