70% returns in 3 months - Opportunity for a short correction
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded.
The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here.
3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most of them surprised.
This seems like a good opportunity to short the stock considering the good run majority of the banks have had in the last one year since the 2015 onslaught.
The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here.
3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most of them surprised.
This seems like a good opportunity to short the stock considering the good run majority of the banks have had in the last one year since the 2015 onslaught.
