Sep. 11 at 11:35 AM
$NVFY appears to be a high-probability short candidate. The stock’s parabolic jump is likely unsustainable – it was driven by a short-term retail frenzy
and technical momentum, not by improving business performance (in fact, recent earnings showed continuing losses
). The massive dilution at <
$1 implies the company and its investors were willing to sell shares far below the current price, suggesting the valuation is stretched. Moreover, technical indicators and historical patterns point to a likely near-term pullback: after prior multi-day surges of this magnitude, NVFY has tended to mean-revert within weeks. Overall, NVFY is fundamentally a weak company now trading at an irrational price, which makes it attractive to short, but the timing must be handled carefully.
