Dash for the Door
With likely continued selling of the high price to sales stocks 
DASH appears ready to break down even further. There are a plethora of fundamental reasons why this company should be trading significantly lower, however, for the purpose of this post I will speak to technicals Price has battled the $166 are as resistance and $122 as support. With a close below that support yesterday and the company reporting EPS next week, DASH has the real possibility of trading down to the $80 area.
Currently positioned with August $90 strike and November $110 strike puts.
Will be looking for similar opportunities in many of the stocks that sell at high Price to Sales ratios but many of those have solid business models whereas I believe DASH will never really be profitable because the model is inherently flawed.
DASH appears ready to break down even further. There are a plethora of fundamental reasons why this company should be trading significantly lower, however, for the purpose of this post I will speak to technicals Price has battled the $166 are as resistance and $122 as support. With a close below that support yesterday and the company reporting EPS next week, DASH has the real possibility of trading down to the $80 area.Currently positioned with August $90 strike and November $110 strike puts.
Will be looking for similar opportunities in many of the stocks that sell at high Price to Sales ratios but many of those have solid business models whereas I believe DASH will never really be profitable because the model is inherently flawed.
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