5/7/24 - $cpng - good setup, valuation; swing long

7 мая

5/7/24 - vrockstar - one of these names where it's already 1) reached take off velocity and prints have been good 2) not a cash burner and 3) net cash balance important in this macro 4) pick a metric for valuation 40-50x ebitda probably not the right one given the 20-30% rev cagr depending on how bearish/ bullish you are 5) likely a name that has a bid given size, ownership table on a "miss" and 6) importantly a beat here probably sticks and this rips higher with many playing catch up ex post. i think despite the wonky risk tape (which my bias remains more neutral to negative in the 1 mo timeframe - or at least exercising more caution on non-mega-caps), this is probably a good risk pump into the print, LONG; beware of the gap around $20, however... i'm at the size where if print is fine but we gap down b/c it's not a smash, i'll be buying that gap; like the multi-month swing here.