Short Roku Idea

28 oct 2019

I find it so ridiculous when a stock rises just because some analyst upgraded it. Roku rises 10% just because BOA analyst said that competition is good for roku and set a TP target of 154 , which is 4% above the current rate.

If you look at the fundamentals, disney streaming launch is just nearby. And disney has loads and loads of content. Yes roku sells hardware and the focus is more on this, and also provides apple tv and other streaming platform, most notably ROKU channel which is free and runs of AD , but with a streaming war about to happen, i find it difficult that users will spend time on roku channel. Remember, that their previous huge jump after earnings was because of the fact that most users spent a lot of time in Roku channel and their revenue increase because of it . Dont think they will recreate the magic this time.

besides these the stock has risen from 23usd in the last 1.5 years to 148 usd( 170 was the ATH I think), which in itself is just insane ROI and is non sustainable. Reminds me of Tilray, BYND to name a few.


Short open 148USD

TP1 140Usd

Tp2 130 Usd


NOTE
This is not a day trading position!

5 nov 2019

Operación activa

TP1 reached. lets wait a bit more for Tp2. most probably after earnings. But honestly shorting in this dangerous stock market bubble is a bit risky!

8 nov 2019

Operación cerrada: objetivo alcanzado

Tp1 and Tp2 both reached!