Yet another IPO graveyard stock for investors, after initial optimism money has steadily moved out of the stock leaving it in a very bearish downtrend that is simply a no touch zone.
The term falling knife is very fitting for this, but a earnings beat could bring about a short squeeze.
COMPANY PROFILE
Slack Technologies, Inc. develops and publishes real-time collaboration applications and platforms. It provides engineering, sales, marketing, IT, project management and human resources solutions. The company was founded by Daniel Stewart Butterfield, Eric Costello, Callum James Henderson-Begg, and Serguei Mourachov in 2009 and is headquartered in San Francisco, CA.
The term falling knife is very fitting for this, but a earnings beat could bring about a short squeeze.
COMPANY PROFILE
Slack Technologies, Inc. develops and publishes real-time collaboration applications and platforms. It provides engineering, sales, marketing, IT, project management and human resources solutions. The company was founded by Daniel Stewart Butterfield, Eric Costello, Callum James Henderson-Begg, and Serguei Mourachov in 2009 and is headquartered in San Francisco, CA.
Comment:
Comment:
Channel still well respected and as long as stock remains within it, have to remain bearish, falling knife syndrome if trying to catch a bottom post earnings .