Remember this Trade?
- Marcus Nikos
- Feb 26
- 1 min read
THis Short was one of the most Obvious Short's of my Life
We went Short @ $105 and rode it all the way down to $2
And don't even get me stated on the money we made trading Options
Why did the stock drop?
One of these hyped-up new-age stocks was Jumia (NYSE: JMIA). Dubbed the "Amazon of Africa," shares of the stock rose over 1,000% during the market bubble period in early 2021. Now, with losses piling up, slowing growth, and the popping of the technology bubble, shares have tanked over 90% from those lofty highs.



