Signet Jewelers Ltd (SIG)

[MallenNV]

We shorted this garbage since $140 all the way down to $6.00. One of our associates told SIG when it was around $90 they better take some advice or it will tank to $22 then on down to $8 then on down to $4 and it was close at $5.40 but well soon see $4.

Signet and the BOD were told what would happen and they did not listen and now look what they did. Not to mention they destroyed SIGNET long before Covid19 was ever even known

The current CEO is 100% in total denial but acts like all is OK. She puts on that stupid smile and actually says SIGNET IS UP when it went to $7 from $5.40 but fails to mention she took a $140 stock and dropped it to $5.40

We are done shorting this. We eliminated our positions at $6.00. Would have made another $890,000 if we waited till $5.40 but we are very happy with the results.

What a shame. They need a NEW CEO!