Quick Profits on Wix Breakout

Feb 18, 2019Carried into earnings week on strong volume as it approaches a new ATH, it's reasonable to expect a pre-earnings inflation (bubble) that would allow a quick scalp for some easy money. Fundamentals aside, even though this equity may be overpriced, it's positioning itself as one of the market's favorite growth stocks for this cycle. Would not be surprised to see blow off top with potential to short on the way down for some big cash.

Feb 19, 2019

Trade closed: target reached

Target achieved. I'd short into earnings.