SMID now down 26%. Momo runs cut both ways. Made a few bucks on the short side with today's plunge. But I was kinda hoping the stock would defy gravity for a few more weeks so I could continue to build my short position. No clue who was chasing this thing in the $40's. I thought it was overvalued in the $20's considering the mediocre Q3 earnings report in November.
SMID reports a surprisingly poor Q4. And sounds like Q1 will be another loss. Stock seems overvalued even at $20. That run to the $40's a few months ago looking even more absurd...
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