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Puru Saxena Profile picture
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5 Jan, 4 tweets, 2 min read
$FUBO preliminary results -

I have a position.

ir.fubo.tv/news/news-deta…
$FUBO expects to exceed prior guidance -
-- Q4 revenue $90-$98m (vs. $80-85m guidance)

-- Paid subscribers 545K (vs. 500-510K guidance)

Remember how the shorts were claiming their channel checks showed marked deterioration in Fubo's business?

Does this look like deterioration?
Hot off the press analyst note on $FUBO -

H/t @skaushi

Disclosure - I'm long shares

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More from @saxena_puru

Puru Saxena Profile picture
6 Jan
Interesting a crypto expert stated the following during his Milken Institute debate in 2018 -

"Bitcoin is not an asset, its programmable money. Everyone is focusing on Bitcoin's price, which is nonsense."

Now, he is posting Bitcoin price charts on FinTwit w/ price targets!
The crypto experts want us to buy Bitcoin, yet nobody has answered my straight forward questions!

Instead of providing answers/offering insight, the experts have been attacking me and questioning my motives!

"Just buy the damn thing, you idiot - don't ask anything!"
Why attack and lash out at the crypto sceptics?

"You are wrong, the market has spoken, price pays, stay poor etc."

Why not answer all the questions in writing? If Bitcoin is legit and the sceptics are dumb, why not enlighten us so we can also buy and push up the price further?
Read 4 tweets
Puru Saxena Profile picture
4 Jan
Most of the crypto bulls who keep claiming this is a 'store of value' which'll be super expensive one day (Bitcoin @ $1m) have only allocated 1-2% of their capital in bitcoin.

Why only allocate such a small % in a 'safe haven' asset which will be worth 30-35X in the future?
If you were sure an asset was truly a store of value and it was on its way to becoming a 30-35 bagger over time, wouldn't you invest the majority of your capital in this asset?

You wouldn't dip your toe in the pool with 1-2%, would you?

Actions speak louder than words!
Crypto bulls argue "you wouldn't invest all your capital in one stock, would you?" Damn right; I wouldn't and that is because a stock on its own is risky (its not a safe haven).

Equities as an asset-class is also a risk asset but despite this, I've allocated almost all my...
Read 5 tweets
Puru Saxena Profile picture
4 Jan
#Bitcoin

Weekend --> $29K to $34.8K.......+20%!

Monday --> $34.8K to $28.5K....... (-)19%!

Wow!
Small hyper-growth stocks are also super volatile and they move around a lot *but* they aren't touted as 'stores of value'. Most know they are risk assets.

Bitcoin on the other hand is touted as a 'store of value'.

A store of value which moves up and down 15-20% a day!
Speculate if you want and enjoy the ride watching bitcoin gyrate like a yoyo.

Just don't call crypto a 'safe haven' or 'store of value'.
Read 5 tweets
Puru Saxena Profile picture
2 Jan
QE ----> all risk assets 💸🎈

Risk assets = stocks, junk bonds, gold/silver and crypto
When the music is playing, no harm in dancing but important to know the driver behind the asset levitation.

It isn't a new paradigm, its central bank QE.
History has shown us that when liquidity is abundant (music is playing) asset bubbles generally stay inflated and they become bigger than most rational expectations.

However, when the central banks remove the punchbowl (tighten monetary conditions), bubbles ALWAYS break.
Read 4 tweets
Puru Saxena Profile picture
1 Jan
1) Portfolio summary - Dec-end

$ADYEY $AFTPY $BAINF $BIB $CRWD $DKNG $DOCU $FUBO $LSPD $MELI $OKTA $OZON $PINS $PLTR $ROKU $SE $SHOP $SKLZ $SNAP $SQ $STNE $TRIT $TWLO $VRM $YNDX

Return since 1 Sep'16 -

A/c +548.08%
$ACWI +54.85%
$SPX +73.02% ...
2) CAGR since inception (1 Sep 2016) -

Portfolio +55.23%
$ACWI +10.80%
$SPX +13.77%

YTD return -

Portfolio +354.42%
$ACWI +14.33%
$SPX +16.26%

Contd...
3) Biggest positions -

1) $BIB 2) $SE 3) $MELI 4) $BAINF /4477 Tokyo 5) $SKLZ

Commentary -

During the month, I sold out of a few of my over-extended, richly valued companies and bought shares in a few rapidly growing, more reasonably valued companies....
Read 14 tweets
Puru Saxena Profile picture
31 Dec 20
A word of caution -

I primarily invest in young, rapidly growing companies and their stocks are inherently more volatile than the well established/mature businesses.

Sometimes, I screw up and invest in a questionable company but as soon as doubts creep in my mind, I sell...
...out of the position.

In the past year, I invested in $GSX $LK $NKLA but notable that in each instance, walked away with a 45-100%+ profit (before the bad news broke out).

If the business is fine, I don't mind the volatility in its stock but if the company/mgt. misbehaves..
...I admit my mistake and sell out immediately.

As a growth investor in emerging companies, I'm bound to pick up some lemons along the way and this is why NOBODY should buy a stock based on my work.

I make mistakes and am only responsible for my $

PLEASE do your own DD 🙏
Read 4 tweets

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