12/4/24 - $team - Grotesque. Max short.

12/4/24 :: VROCKSTAR :: TEAM
Grotesque. Max short.

- going to need a beer after all these vigilante shorts this year, but it's what keeps my greys poppin' and lockin'

- 60x PE and >15x sales for maybe 20% growth and a ton of SBC on mediocre last Q's result (+50% since) is par for the casino.

- but today's "we integrate with AWS" headline reminds me of y'days mid-day PLTR pop on a similar IQ test. we had a name for it ;)

- so yeah. sized up the short. i'm about 20% notional on this bad boy. while again mkt (broadly/ risk) needs a catalyst for downside, not upside, and while i think that could come next week (front running a year-end profit-take and fomc that's probably not marginally bullish but probably neutral to bearish) i'd tend to think high multiple long duration meme moves probably retrace a bit.

be safe out there.

V
Fundamental Analysis

Disclaimer