5/23/24 - $domo - short, EPS setup looks -ve across board5/23/24 - vrockstar - NASDAQ:DOMO - setup is ripe for a short (which these days i can only justify w/ P's if it's small cap stuff like this). the reason is... they literally are everything you can't own in this tape
1) broken stock, not a meme
2) years of dwindling growth, zero this yr
3) don't make money, burn; and would be worse if adj. for stock comp - a cash expense for stocks that go down
4) net debt
i've entered some jul19 6P's for 15c which seems like good beta on a rough tape from open. the idea is... if miss/ bad print this goes -10-20% and grinds lower, it's great offset to my longs. if miss/bad print and tape remains risk off... this gets shot to 5 and leaks even lower probably in the coming months. idea is to make 3-4x on this, and even if that's a 50% probability and there's a 50% probability where i go to zero. that's an EV positive trade. i take all of those as you guys who have been reading know.