8/12/24 - $onon - long into print at $40

12 ส.ค. 2024

8/12/24 :: VROCKSTAR :: ONON
long into print at $40

- expensive at nearly 40x '25 EPS even tho '25/'24 implied cons. growth is only single digits - playing w fire a bit
- but the google trends are genuinely on fire and even tho deckers' Hoka's are crushing (also DECK had good EPS), on chart looks pretty stellar too

trends.google.com/trends/explore?date=all&q=hoka,on shoes&hl=en

- 6 to 8 days to cover depending on the source you're looking at. i get it - once upon a time i'd short this thing too. however, i sense we'll get another beat, another upward revision to PE.

- not outright owning this tho given the tape seems v toppy and we'll see some (probably fake) war news any day now. that being said, i like this position into the open i've got the weekly 39C's.

wish this degen a bit of luck on the play. and GL to those whichever side you're on.

V

13 ส.ค. 2024

บันทึก

closed it w the PPI good print and stock opening +6%.
wasn't pretty bc the result wasn't "clean" but i'll take the meager 20% win on the C's.
Gl to all holding still
V