Take advantage of this single-event oversupply.

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.

Commento:

Here comes the short squeeze just before CNY. Get prepped for upside surprise earnings on Feb 27. Target $12

Trade chiuso: obiettivo raggiunto:

$12 reached

Commento:

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.

Commento:

Correction: Earnings is today, not the past Feb 27 as stated in the earlier comment.

Trade attivo:

End of year target $18