Youngest self-made billionaire Dustin Moskovitz is a 41.97% owner of Asana through aggressive purchasing of shares according to simplywallst.
No track record of generating profit so highly speculative stock.
There is a need for improved efficiency through software for businesses with the newly discovered work from home reality.
Will look into who Asana's...
Based on a few factors, I am becoming bullish on China
* China is positioning themselves well and have shown the best COVID recovery
* They are implementing a copy paste approach (BATX -Baidu, Alibaba, Tencent, Xiaomi vs. GAFA (Google, Amazon, Facebook, Apple) and it is working
* Munger is a fan of China now, previously was not
* BABA has strong cash flows,...
Fed printing money to simulate bubble and influence euphoria from suckers.
Current S&P P/E Ratio at all time highs (28) indicating signs of a crash.
Investor sentiment is very bullish, once this changes it will indicate the peak price.
Estimated euphoric price of 4000, conservative buy of HSD at 3800.
Sell at whatever % loss you deem reasonable. Average bear decline is 20%