VSLR trade for 5/27/2016

Posted By JM on May 27, 2016 | 0 comments

Deutsche Bank upgraded $VSLR (Vivint Solar stock) today to a Buy with a new hefty $7 price target from $3.50 based on valuation. The stock soared +48% on the news today which we thought was a severe overreaction to the upside as all the long chasers piled into this name as there was nothing else to blindly chase long today.

We shorted the stock multiple times and covered all into weakness. Easy scalp trades before the Memorial Day holiday weekend! All trades are alerted live in the MookTrader stock chatroom for members to follow, learn, shadow, and/or watch as they happen.

Net profit: +$2,145


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