CELH - dropping over 10% in a day on some very minor negative news after its massive runup, failing at the March high, seems like yet another hypergrowth story in which the powers that be have agreed, “enough, let’s move on.” There have been some of those - mixed in amongst Saul’s massive winners.
If I were holding it I’d be out with a trailing stop limit. Probably would have been in April as it dropped from 96 to 68 in a few weeks. The conveniently timed story about possible liver damage from green tea extract seems a little too convenient. Then again, it’s a hot / faddish retail company.
Then again, I could be wrong.
FC