Re:Asana S-1
by vikramkr on Monday August 24, 2020 @06:39PM
(#24266346)
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
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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.
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.
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.