Given the recent declines in luxury goods sales and the uncertainties surrounding consumer spending, I believe PPRUY is vulnerable to further losses, making it an attractive candidate for a short position in the current market environment.

Given the recent downturn in luxury stocks, particularly influenced by LVMH's disappointing Q2 results and overall economic uncertainty affecting consumer spending, I believe that PPRUY is likely to face downward pressure, presenting an opportunity for a strategic short position in the coming weeks.