Hedgeye CEO Keith McCullough is adding Smartsheet (SMAR) to the short side of Investing Ideas. Below is a brief note.
Another way to "tighten your net exposure" to Long Tech during #Quad3 in Q3 is to short individual names that we're bearish on, fundamentally.
One of those names remains Smartsheet (SMAR). It's up on fumes (decelerating volume) this morning and insiders continued to make sales throughout July.
Here's a quick update from Technology analyst Ami Joseph on the name:
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SMAR: Data into Q2 looks almost identical to data going into Q1... |
Sell the bounce to lower-highs,
KM
