Like the title says, I'm thinking of shorting DocuSign.
They are having earnings in 4 days. Looking to open a position once market opens and hold until earnings.
I think that they miss their earnings making the stock drop even more.
In the past year they have been down over 80% HOWEVER they have only missed 1 of the last 4 goals for their earnings, their last EPS has been -0.36.
When I look into their last income statement I see that their operating income is in the neg (about 70k which is not a lot) but their expenses increased about 8%.
The market overall has been decreasing but I think this might be a decent opportunity for a quick trade.
What do you guys think? What other measures do you guys check in this case?
Thank you for your time guys!
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