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Comment by dman | Hacker News Reader

Am going to short this one once it is out- saying this as someone who has been a user.

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

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.

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.

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.

Shorting anything now is shorting the federal reserve.

if that were the case why are banks still closer to their 52 week low than high?

"If only you knew how bad things really are"

Banks generally benefit from steeper yield curves. The yield curve is still quite flat and will likely stay that way due to the Fed buying-back long term treasuries.

Hope you have good margin rates, you could be waiting a long time. A lot of these are steaming piles of shit if you think about fundamentals but the market doesn't care about fundamentals.

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