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by vikramkr 2131 days 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
2 comments
dx034 2131 days 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.

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tempsy 2131 days 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.

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itomato 2131 days 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.

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