DoorDash Inc (DASH)

[JohnCM]

SHORT TO $130.00



Price Trigger Alert: DASH

DASH went below 165 trigger as of 12/14/2020 09:33 a.m. ET.
Price Currency Change Tick Pct. Change Bid Ask Prev. Close Vol
164.71 USD -10.29 U -5.88 164.7 165 175 266,152

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537048

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[stoxjock]

I think so... Not that I jump into short stocks but this stock is trading nowhere near its fundamentals and traded this high only because stupid Robinhooders put in orders to buy the stock at whatever price they could get it...So it is time to massacre this stock and restore some semblance of sanity into this PPS... predicting it will go below $75.00 by Feb 28, 2021...

[Nebuchadnezzar]

awesome--time to short DASH?

[Benwahsauce]

Not for nothing....
The MAIN reason I stopped to shitty chain restaurants was because of them hiring kids or asshole people. I worked at a “friendlys” as a teen and watched a white trash waitress spit in some guys ice cream and serve it to him.

I quit 2 days after that and left those assholes with a giant mess to clean up

[Dennisb68]

I worked for a place that had food delievery and people might be surprised as to what can happen to the food on the way to be delivered. and people had much higher values than they do today. No way would I order food to be delivered from ANYONE.

[DayTraderOG]

I hear more lock down due to covid coming mask up get in also with $COUV Stayvsafe 2021 coming

[Benwahsauce]

Thank you for sharing your experiences.

Nice to get some rebuttal

[Ferda]

For sure... seems like an obvious short at this price

[JohnCM]

SHORT CALL

Price Trigger Alert: DASH

DASH went below 170 trigger as of 12/11/2020 09:51 a.m. ET.
Price Currency Change Tick Pct. Change Bid Ask Prev. Close Vol
169.0909 USD -16.9091 U -9.0909 169 169.8 186 633,807

Click to reactivate your price trigger.

Reactivate

Or, visit our trading pages.

Start Trading

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Please do not reply to this email. To verify this email was sent by Fidelity Investments, log in to your account and visit Research > Alerts > View Your Alerts History.

Important information:
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Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917.




537048

© 2020 FMR LLC. All rights reserved.

[Ferda]

Lol... I use DASH to order candy and wine from 7-11 welcome to the future

[Windsortrader519]

Food delivery is going to be massive regardless.

The issue is that the costs of these services to the restaurants needs to go down drastically. Many restaurants operate on razor thin margins.

This could hurt the margins on these type of companies as it's not sustainable long term for most restaurants to use it.

If the overall food delivery becomes massive as time goes on ,what stops restaurant chains from building out their own apps or delivery systems and cutting our these companies. Domino's is killing it with that model.

It's a catch 22. The restaurants too small to create their own delivery systems can't sustain on fee charged long term and the ones who could have the ability to absorb the fee could also have the ability to build out their own delivery systems.

Plus in terms of DASH being valued more than the rest of the food apps combined is major issue. Many people are going to get burned bad here. IMHO.

I've been in the restaurant business for quite some time and I'm speaking mostly on expirence so take it with a grain of salt

[Benwahsauce]

I retract this statement but leave it up to own it.

Been heavily looking into this and for as stupid as it is.... it might be huge.

A lot of the older generation are severely underestimating the new generations laziness and or non ability to be able to run to these places (for reasons of having a 2 income family and such)

So instead of ordering pizza or Chinese....
They figured out you can order anything from just about anywhere.

If this generation is going to be stoned and hammered all the time and it being acceptable with dui still being a risk....this is somewhat a godsend to all yet I don’t think some are seeing it yet.

Heck I can order a steak dinner now from a restaurant...everybody’s pallet has expanded.

The price should still go down due to sellers of restricted shares.

[Benwahsauce]

End of day pump to entice buyer’s?

[Benwahsauce]

Absolutely correct.

Terrible time to put a food delivery service on the market when:

1. The food sucks right now due to Covid

2. The virus alone can apparently spread all over the place especially with a driver hopping from place to place.

3. The drivers alone are not people that sit behind a desk and practice Covid social distancing. They are people that have no real job and or people looking to make a few extra dollars since they are bored.

[JohnCM]

SHORT down to $130.00

[Benwahsauce]

Let’s go!

[JohnCM]

Fidelity Investments

DASH

Hard to Borrow
Shortable Shares 0
Est. Annual Interest Rate 0.25%
The availability of this security is limited. For more information, please call 1-800-544-6666.

Status please? Do you see the availability of shares to short changing in the near future?
JohnCM

[JohnCM]

I would short right now but Fidelity did not have the ability or shares to short.

[Dennisb68]

Yes, once the covid dies town the stock will tank. It may not be that far away.

[JohnCM]

What will the pps be in a year? $84

Two years? $64

Five years? $53

[rtrstock]

What will the pps be in a year? Two years? Five years?

[Dennisb68]

Do way would I eat food delivered by the people after they spit in it, stuck their fingers in it and spread the virus in it. Many of these drivers are likely the same ones that were out rioting a few months ago. No Thanks.

[davidsson10]

https://seekingalpha.com/news/3643010-doordash-moonshot-reverberates-across-food-restaurant-sector

[JohnCM]

SHORT $183.00

COVER $130.00

Fidelity ... no luck.

[davidsson10]

Of course!

[JohnCM]

(PA0012) Your order to sell short can not be accepted. The security is either ineligible to short, there are currently no shares available to short, or there are insufficient shares available to meet your request. Please revise your share quantity or contact a representative for additional detail.

[JohnCM]

DASH 12/09/2020 12:40:29 Price falls below $170.00 Fidelity mobile applications
[e-mail]
TXT:5305157995
Update
DASH 12/09/2020 12:40:29 Price falls below $160.00 Fidelity mobile applications
[e-mail]
TXT:5305157995
Update
DASH 12/09/2020 12:40:29 Price falls below $165.00 Fidelity mobile applications
[e-mail]
TXT:5305157995

COVER $130.00??

[JohnCM]

Get ready to short ...

I have $20G to play with.

[davidsson10]

Ready, Freddie.....

[JohnCM]

EXPECTED OPEN $190 to $195

Sell short one and a half-hour after open.

[JohnCM]

DoorDash makes its Wall Street debut

By Sara Ashley O'Brien, CNN Business
Updated 8:35 AM ET, Wed December 9, 2020

(CNN)Food-delivery giant DoorDash is set to begin trading Wednesday on the New York Stock Exchange, marking the culmination of a year that has seen delivery companies benefit greatly from skyrocketing demand for their services.

DoorDash said Tuesday it priced its stock at $102 per share, raising nearly $3.4 billion in its IPO and valuing the company at about $39 billion -- more than double its last private market valuation.
The pricing was far above DoorDash's original proposed price range of between $75 to $85 a share, in a sign of strong investor demand.
The company, which was launched seven years ago by a group of Stanford students to help businesses in Palo Alto offer delivery, has become a lifeline for many restaurants and merchants across the country. Now, the country's biggest food delivery app is riding the wave of pandemic-fueled demand to Wall Street.

It is the first of two highly-anticipated IPOs this week for the on-demand economy, with Airbnb expected to go public on Thursday. Both companies are moving forward with their public offerings as the first coronavirus vaccines are expected to be made available to some in the United States and abroad. Unlike Airbnb, DoorDash's business has soared in recent months, but it remains an open question whether it can sustain its gains beyond the pandemic.

"The circumstances that have accelerated the growth of our business stemming from the effects of the Covid-19 pandemic may not continue in the future," DoorDash warned in its prospectus.

The pandemic boosted food delivery companies. Soon they may face a reality check

The company, which has raised $2.5 billion to date from investors including SoftBank and Sequoia Capital, was last valued at nearly $16 billion when it raised $400 million in new financing during the pandemic. A lead investor in the funding round commented that the service had "become ingrained in the lives of local communities as an essential service."

DoorDash, which expanded beyond food delivery to include household essentials from convenience stores during the pandemic, fulfilled 543 million orders in the first nine month of 2020 compared to 181 million in the same period in 2019, according to its prospectus. The company said it has has completed 900 million orders since its founding.
In its prospectus, DoorDash cofounder and CEO Tony Xu described small businesses as at risk of "being left behind in the convenience economy where consumers have become accustomed to obtaining everything in a few clicks, a trend that has only accelerated in a Covid world." He sees DoorDash as an antidote, stating that the core problem it aims to solve is to help "brick-and-mortar businesses compete, succeed, and flourish in these rapidly changing times."

In recent months, Doordash has explored new ways to work with businesses. A new product called Storefront lets restaurants set up online stores where they are not charged commission on items sold. Another new offering, Self-Delivery, allows businesses to list on its platform while taking care of their own delivery.

For years, the food delivery sector has been crowded, with companies raising and losing billions of dollars to subsidize prices to gain market share. DoorDash, which also owns Caviar, became the US leader in terms of sales in May 2019, according to data from Second Measure. But it took a pandemic for DoorDash to turn its first profit in the second quarter of this year, before reporting losses again in the most recent quarter.

There has been consolidation in the sector this year: European company Just Eat Takeaway.com acquired Grubhub and Uber acquired Postmates. But DoorDash continues to face a number of other challenges to its business model.

The high fees that delivery services charge restaurants on orders have come under scrutiny during the pandemic. Some states and cities have temporarily capped what third-party food delivery services can charge local businesses. The company warned in its prospectus that "if commission caps are retained after the Covid-19 pandemic subsides, our business, financial condition, and results of operations could be further adversely affected."

Moreover, gig economy companies including DoorDash are facing ongoing legal challenges over how they classify drivers as independent contractors, who don't have the same benefits and labor protections that employees are guaranteed by law. A reclassification of its workers would "significantly alter our existing business model and operations," the company wrote.

CNN Business' Paul LaMonica contributed to this report.

[JohnCM]

At first, then sell short at about 10:00am - 11:00am PST

[pnnymn]

This is going to be hot.

[JohnCM]

After opening pop from $102 to $120, short down to $97