Ian Gray's avatar
$28.1m follower assets
I added to my $PINS position yesterday. It was a small add, but I’m bullish on the future and had a little cash sitting in my account.

I’ll be watching earnings closely next week.
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Ian GrayOctober 27
Todd Campbell's avatar
Good luck. I'm long. I admit, however, I'm always nervous about buying pre-EPS. Did you hold some back to buy more after if it drops or simply assuming the worst case scenario is baked in following its recent dip?
Ian Gray's avatar
@iangrayOctober 28
@ebcapital I didn’t hold any back, but I’ll have a little more cash coming in by then.

I’m not convinced $PINS will necessarily jump post-earnings (the recent evidence would seem to point to the contrary), but I have fair value closer to $55-$60. If my expectations are in the right ballpark, I’m happy picking up shares at ~20% discount even if I don’t time the bottom.

I like their strategy and positioning. Now it’s a matter of execution over time.
Conor Mac's avatar
My best bet for Pins is to ride the vol instead of doubling down on it. Lot of work needs to be done. But you said its a small amount, and this is a much better price than $60/$70 per share, so.



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