That seems like a smart move, but I thought shorting anything above $130 was smart also. Luckily I was not in this trade with that big jump up. This stock is very irrational. If you pick the right direction, you can do well though.
189 now Can you afford a Chinese meal now? What is the next higher lucky Chinese number? or did you mean that 168 was a lucky number for a breakout to go long?
This is insane. The company can't even turn a profit. The higher their revenue, the more money they lose. What do people think they're buying?
The buyers of that furniture are getting a good deal, no doubt. Company sells stock to stockholders, then sells the furniture at a loss which means if you own this stock, you're literally paying for peoples furniture at least in part. And they hold the stock in the hopes that one day they wont be. I see no evidence they will ever turn a profit.