5 ms·

Am going to short this one once it is out- saying this as someone who has been a user.

by dman 6y ago

vikramkr 6y ago
This is a hell of a market to short anything. In the near term anything that helps remote work like this is probably going to spike up. Good luck with that. I know that I wouldn't personally be comfortable being confident I could make collateral to outlast a bubble or guess correctly when the tide is going to turn to make money off of an option trade when it comes to a remote enabling company in a stock market as crazy/driven by politics and the fed as this one
- tempsy 6y ago
  Not really - considering the massive premium a lot of "remote" tech stocks are getting I'm surprised that Slack ($WORK) is basically going nowhere. Asana is closer to Slack than other cloud stocks imo, and given Slack's mediocre performance could easily see the same thing happen with Asana.
  - itomato 6y ago
    Slack's not sexy. Slack will always be what it is, and a dongle or peripheral isn't going to improve that core product. Similarly, there is no iPhone or GoPro waiting for unleash Asana's potential. Needful stuff.
- dx034 6y ago
  You can offset your short with a long in a competitor. That takes out the market beta. However, it isn't free and it can take a long time until a bad company goes under (not saying Asana is one, haven't used their product). Wirecard laundered money over years and the FT reported on it, it still took a long time for it to collapse.
api 6y ago
Shorting anything now is shorting the federal reserve.
- tempsy 6y ago
  if that were the case why are banks still closer to their 52 week low than high?
  - core-questions 6y ago
    "If only you knew how bad things really are"
  - ummonk 6y ago
    Banks generally benefit from steeper yield curves. The yield curve is still quite flat and will likely stay that way due to the Fed buying-back long term treasuries.
james-mcelwain 6y ago
Hope you have good margin rates, you could be waiting a long time. A lot of these are steaming piles of shit if you think about fundamentals but the market doesn't care about fundamentals.

Am going to short this one once it is out- saying this as someone who has been a user.

by dman 6y ago

Am going to short this one once it is out- saying this as someone who has been a user.

This is a hell of a market to short anything. In the near term anything that helps remote work like this is probably going to spike up. Good luck with that. I know that I wouldn't personally be comfortable being confident I could make collateral to outlast a bubble or guess correctly when the tide is going to turn to make money off of an option trade when it comes to a remote enabling company in a stock market as crazy/driven by politics and the fed as this one

tempsy 6y ago
Not really - considering the massive premium a lot of "remote" tech stocks are getting I'm surprised that Slack ($WORK) is basically going nowhere. Asana is closer to Slack than other cloud stocks imo, and given Slack's mediocre performance could easily see the same thing happen with Asana.
- itomato 6y ago
  Slack's not sexy. Slack will always be what it is, and a dongle or peripheral isn't going to improve that core product. Similarly, there is no iPhone or GoPro waiting for unleash Asana's potential. Needful stuff.
dx034 6y ago
You can offset your short with a long in a competitor. That takes out the market beta. However, it isn't free and it can take a long time until a bad company goes under (not saying Asana is one, haven't used their product). Wirecard laundered money over years and the FT reported on it, it still took a long time for it to collapse.

api 6y ago

Shorting anything now is shorting the federal reserve.

tempsy 6y ago
if that were the case why are banks still closer to their 52 week low than high?
- core-questions 6y ago
  "If only you knew how bad things really are"
- ummonk 6y ago
  Banks generally benefit from steeper yield curves. The yield curve is still quite flat and will likely stay that way due to the Fed buying-back long term treasuries.

james-mcelwain 6y ago

Hope you have good margin rates, you could be waiting a long time. A lot of these are steaming piles of shit if you think about fundamentals but the market doesn't care about fundamentals.