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Remember this Trade?

  • Writer: Marcus Nikos
    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.



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