MichaelEugen1

Markdown phase

做空
NYSE:GCO   Genesco Inc.
Hey all, I think GCO is in the beginning phases of a markdown phase. It is a retail stock(which I have a very bearish thesis on through year-end). I'm not currently short on this stock, but I would jump at the opportunity to get short should it get back into the high 50's. Considering it ran over 1000% from the pandemic low to its highs, it has a lot of potential room down and is seemingly out of steam. It has over a year's worth of buyers overhead that will look to sell and push down the price as it goes lower and lower; keep an eye on this one as it could move fast to the downside when the time is right. Considering I think the market will bounce in July(ahead of another leg lower), I am hesitant to enter short positions. That being said, I am definitely keeping an eye peeled on this name.
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。