Switch | SWCH | Short (High P/E) Short

Description

⋅ Mar 14, 2022 3:41 PM

Switch NYSE:SWCH:

Valuation:
Price/Earnings: 576.09x
Price/Sales: 10.99x
Price/Book: 19.69x
Price/Cash Flow: 52.83x

Based on some of the numbers alone, Switch may not sustain its price above the gap ($20.28 to $22.96) in the coming months as inflation rises. If it breaks resistance and goes on a run to create a new high, thesis is broken.

Trade closed: stop reached

⋅ Mar 24, 2022 2:23 PM

❌ Broke through original resistance