Jason Bond of JasonBondTraining.com said that PolarityTE Inc. (COOL) is in overbought territory — with a Relative Strength Index in the 80s — and that it has always fallen hard when getting into that range in the past. Coupled with promotional management and a business where the hype has gotten ahead of the reality, Bond sees a fall coming. While COOL has defied gravity this year — gaining nearly 900 percent — crushing short-sellers in the process, Bond is shorting the gaming-company-turned-biotech stock, thinking it should pay off in a few days or weeks.

Jason Bond runs JasonBondTraining.com and is a swing trader of small-cap stocks. When he recorded this interview on Thursday, he had no shares, options or open orders on COOL, but he was planning on shorting the stock — likely to a full position of 1,000 shares — if shares traded in the fashion he discussed in this conversation. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.


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