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[MiamiGent]

VIPS Short

http://stockcharts.com/h-sc/ui?s=VIPS

Chinese internet flash seller in crowded clothes, shoes and sporting apparel reported disappointing earnings on 8/16/17, after hours
Earnings Surprise -12.87% (.176 actual vs .202 consensus)
Net margin attributable to shareholders down 35%
Growth quickly decelerating: -18% from Q4 '16 to Q1 '17 and -31% from Q1 '17 to Q2 '17 (this reporting quarter)
Institutions are fleeing- a net of 36M shares were sold last three months reported
VIPS is guiding lower for next quarter than the street was expecting
Downgrades in today from Daiwa Capital and HSBC- expect more Friday
Daiwa reduced VIP's Price Target 43% from 17.50 to 10
VIPS top and bottom lines are being squeezed by Alibaba and JD.com
Stock closed down 8.11% at 10.20 Thursday and remains overpriced with a tangible book value of only .55/SH
I believe SP will crash through 10 Friday, setting off Stop Loss Orders

I am short VIPS

http://stockcharts.com/h-sc/ui?s=VIPS