hungry_hippo

PD Bubble collapse

NYSE:PD   PagerDuty, Inc
I think the market selloff ends Monday, everything is oversold, a lot fo bubbles have collapsed. Look at this PoS , dropped the whole entire post earnings runup.

I was waiting for $60 to short, lol. Should've entered March 60 puts at the top, wow.
Trade closed manually: Bought some $40 puts yesterday, flipped them for a very small profit.

Money losing company, lol.

Comments

$PD is a great company with macroeconomic tailwinds at its back. Yes, it is pricey, but not at all when comparing it to peers.
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hungry_hippo RobertTheTrader
@RobertTheTrader, everything is overvalued right now. 17x P/S ratio for a money losing company is DotCom hilarious.
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hungry_hippo RobertTheTrader
@RobertTheTrader, justifying overvaluation based on the fact that the entire market is overvalued is a bad idea. I expect a bounce tomorrow to backtest the pennant I drew (see new post), but the end target is back to $26 -27 range where it belongs.

The bubble is collapsing.
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