optionsmaster

Swing trader. Business enthusiast.

[optionsmaster @optionsmaster69]

@dhairyatandon08 Mar. is historically the worst month for UPWK, in that the stock trades lower every Mar (start vs. end) & has done so every year of its existence. There's definitely more room to drop. Next support is ~$11.60, which it could hit in Mar for sure. $8.85 is the next pt (6/24 low).

[optionsmaster @optionsmaster69]

@Rolando_tillit @aegrabs Looks like Mercedes star pattern bolts. 😁

[optionsmaster @optionsmaster69]

@sTiCaTicus @hydnbrwn Directors need a puppet in place as long as possible so that they can get their SBC.

[optionsmaster @optionsmaster69]

@theFInvestor @CashflowingOptn I doubt it. They are both led by moronic CEOs, each in their own unique way.

[optionsmaster @optionsmaster69]

@zeenicest @insiderinvests Spot on. 100% yes. I think it's already there on a fully diluted basis.

[optionsmaster @optionsmaster69]

@Le1sk4 UPWK has always been traded by institutions on a revenue multiple vs market comps. So P/E has always been irrelevant for this stock ticker.

[optionsmaster @optionsmaster69]

@TokyoDeepValue The chairman's cash on the balance sheet pays for our US debt. So we should be thankful and enjoy their sacrifice.

[optionsmaster @optionsmaster69]

@ValleyFallsRI If you are trying to size the potential takeout value for the company (e.g., UPWK), then you have to look at this from a EV perspective & its implied comps. Then back-solve for the implied equity value & stock price. Compare vs. market price to see if there is an arbitrage play.

[optionsmaster @optionsmaster69]

@ValleyFallsRI Isn't that why one would use EV multiples instead? Maybe I'm missing something here.

[optionsmaster @optionsmaster69]

@undrvalue Potential for -25% loss buying now (when stock moves down to $6). Upside is potential to make 50%, but only if CEO is changed out this year (stock moves back to $12).

[optionsmaster @optionsmaster69]

@ColesTrades Your and idiot. Stop shilling for views when you have no money to trade. BMNR is a good buy if you can get in at a substantial position and ride this up to their 5% announcement. If you are buying just 1 share doesn't matter then what price u buy as you will make shit.

[optionsmaster @optionsmaster69]

@taobanker Predictable miss on growth and fcst by $UPWK.

[optionsmaster @optionsmaster69]

@stwboerse The wishful bull case based on Enterprise/Lifted will be officially quashed as we head into 2nd half of this year. The company has a rudderless leader and poor execution track record.

[optionsmaster @optionsmaster69]

@sTiCaTicus @RawBooty2 @hydnbrwn Well that too, I agree. But while the person in question may have been a "Teflon Donna" in the past, the team is really backed into a corner now with no more wiggle room -> Failed strategy around catalog listings, rebranding, Ent 1.0 & now AI. Lifted (Ent. 2.0) will fail in Q3.

[optionsmaster @optionsmaster69]

@sTiCaTicus @RawBooty2 @hydnbrwn At $6, the catalyst for replacement kicks in. 😃I agree w/ you, in the absence of this, definitely not a long-term investment play. Instead, swing trade this like most institutional holders are doing.

[optionsmaster @optionsmaster69]

@kashaziz @Upwork lol, great post!

[optionsmaster @optionsmaster69]

@ColesTrades Learn your Greeks when trading options, otherwise you will get theta decay'd everytime.

[optionsmaster @optionsmaster69]

@ValleyFallsRI Or they could be spending up to $5M per day trying to buy up stock to prop up the price. Based on Q1 activity, this was like catching a falling knife. But near-term, maybe a soft floor for the stock price.

[optionsmaster @optionsmaster69]

@ValleyFallsRI Also, not sure if you caught they are taking out a $100M credit facility near-term. You would think with all the high FCF they touted 1 qtr ago that they wouldn't need this. But maybe burning $100M in stock buybacks in Q1 is hurting their buffer.

[optionsmaster @optionsmaster69]

@Randall7575 Mgmt team is completely in over their heads. Listen to the Q1 earnings call and one can hear the fear in their voices as they have no ability nor idea how to change the business trajectory.