POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report.
This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall market conditions.
Secondhand retail business is popular and profitable for POSH and their business model is actually very easy to use despite what the bear say. I call that this is the bottom for the company as they are growing 40% quarter over quarter and its only a matter of time before wall street warms up to it.
Good Luck. Always do your own Due Diligence.
This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall market conditions.
Secondhand retail business is popular and profitable for POSH and their business model is actually very easy to use despite what the bear say. I call that this is the bottom for the company as they are growing 40% quarter over quarter and its only a matter of time before wall street warms up to it.
Good Luck. Always do your own Due Diligence.