Lightspeed Commerce Inc T.LSPD

Shorts Feeling the Pain

[retiredcf]

In the first half of August, the value of short trades rose from 264M to 411M, the third largest increase on the TSX.  GLTA

[VicesVertus2222]

Going from 67 in mid-may to 127 or so today, I am getting out now and seriously thinking of shorting . LSPD is a great company, but at these prices, I believe it overvalued. Time will tell if I am right. GLTA

[Pachuko]

Well there may be some small ups and downs here but they just raised net 825 million dollars in an offering that lasted less than two days to fill. Risky move. Sometimes companies are just at the right stage for growth and share rise. Good luck to you but I would not want to be playing the in and out game when the next aquisition announcement comes or the next financials blow through the top again

[VicesVertus2222]

Despite their success and growth, I am more inclined to sell than buy from a valuation basis. An eventual move back to reopening of the economy could take away from these online plays. About 20x revenues is quite high. I am also a bit cautious about a possible correction inprofitless tech stocks. NASDAQ keeps beating records, this is bound to end. Also stepping on the sidelines awaiting Feds

[VicesVertus2222]

BTW, I also got out of KXS and SHOP this week. So my thoughts not only apply to LSPD, but LSPD having doubled since May, mmmm .... a bit fast a rise. 

[Pachuko]

Intersting points to consider for sure. we have seen corrections you speak of in the past and may again however LSPD is fast becoming a profitable tech stock so moving out of that group. Inflation is always a concern so if you move out of the tech sector where do you see equal or better return compared to this company and the expected groth forecasted?  What Fed news are you refering to

[VicesVertus2222]

Sidelined for the moment. Agree with you, $115 is 78.6% Fibonacci retracement if there is retracement with LSPD. Mrs Esther George is the Kansas City Fed president. Very hawkish.