So I think DoorDash needs to be shorted. Ideally, shorted yesterday when it spiked to 250. The company has a bad prospect in 2021 in a crowded sector that has low margins. The valuation on $DASH is well above the value on similar companies such as GrubHub. I think the earnings are going to be a huge let down at this price level (185 at time of writing) and definitely would be at 250. There's no reason for $DASH to be this high other than folks don't understand their financials at large. Today it decoupled from the SPY and QQQ by not following their path and has started to severely underperform. I believe it will only get worse for doordash. I am currently targeting 170, but I do believe the stock is worth no more than 100$.
Disclaimer: I am carrying a short position at 185
I only share my ideas. I don't provide advice on what to do. This is just a hobby for me. NYSE:DASH
Disclaimer: I am carrying a short position at 185
I only share my ideas. I don't provide advice on what to do. This is just a hobby for me. NYSE:DASH