ENPH Short In Progress
*Posting this a couple months late since I've been more preoccupied with Crypto
Saw a lot of people calling for 400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid levels, and it has been working quite effectively.
Potential bounce soon back to $96, from where I can see price revisiting $33 or $18 worst-case.
Let me know how you feel about ENPH.
Saw a lot of people calling for 400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid levels, and it has been working quite effectively.
Potential bounce soon back to $96, from where I can see price revisiting $33 or $18 worst-case.
Let me know how you feel about ENPH.
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