Not a good day for oil, but my DocuSign short paid off well.
I shorted it when I realized that it is expensive to use and a bunch of other companies do the same thing for free. My business uses PandaDoc which works perfectly. Even if we went paid, which we won’t, we’d likely use Adobe.
DOCU has a forward P/S of 7, and its net loss is growing much faster than revenue.
These are such dangerous stocks to own. There’s really no reason they shouldn’t be 70-95% less than they are now. Value investors won’t touch them, so there’s no floor for when they go ex-growth but still lose money.
