5/19/25 :: VROCKSTAR :: 
AGYS
Interesting, but not in this tape... sidelines
- i like to monitor a lot of stuff as you know and this one is def a "top 10" fintech, but not a top 3 or even 5
- revenue growth solid DD
- generates reasonable cash for this growth/ mgn profile, but "not enough" based on where we are in this tape - why?
- we've rallied quite a bit from the lows (correlation 1 down, correlation 1 up)
- a number of POS (point of sale, not piece of s#&$) names have been hardpressed to communicate anything too encouraging - with a few exceptions - but just take a look at FI, or when XYZ reported... etc. even FOUR (a top 3 name IMO) gave back a lot
- so it's not a "buy and i'd like to own more even if pops" sort of thing and "my alternatives have better dynamics and valuations in this tape".
- on this alts point, i'll direct you to GAMB which as of the last few days (including today's leveraged call position i initiated taking it to my largest spot)... you have as a comparision, a valuation that's 1/5th as much, generates as much cash (and will likely grow this fcf faster), is more recession proof/ industry, not as exposed to IRL goods/ tariffs or another china covefe moment etc. etc. and the stock already "passed go" another great Q and b/c of mcap small, i suspect flows > anything else and that's my alternative to stacking tons of names that i'd "like" to own... but what's the point.
- i don't enjoy when my PnL is 30 or 40 or 100 names. i find at most 5 things i like... and if you can't offer a return or a diversification that's orthogonal to this core/ concentrated book... you go on my watchlists.
- so for me, this is an obvious watchlist based on my alternatives. for now my book is basically GAMB (35%), OBTC (25%), NXT (25%) and TSM (10%). I have a few positions that i am incubating, looking to size up, but other than that (oh yeah short the meme quantum stuff - but again v small for the purpose of this note/ and mention)... it's just not "worth it".
TL;DR... i like my leverage elsewhere. gl to the longs, i'm rooting for you, and will support a dip buy if name comes off for weak comms/ guidance or w/e... at the right price we talk.
until then b well my friends and have a great week
V
AGYSInteresting, but not in this tape... sidelines
- i like to monitor a lot of stuff as you know and this one is def a "top 10" fintech, but not a top 3 or even 5
- revenue growth solid DD
- generates reasonable cash for this growth/ mgn profile, but "not enough" based on where we are in this tape - why?
- we've rallied quite a bit from the lows (correlation 1 down, correlation 1 up)
- a number of POS (point of sale, not piece of s#&$) names have been hardpressed to communicate anything too encouraging - with a few exceptions - but just take a look at FI, or when XYZ reported... etc. even FOUR (a top 3 name IMO) gave back a lot
- so it's not a "buy and i'd like to own more even if pops" sort of thing and "my alternatives have better dynamics and valuations in this tape".
- on this alts point, i'll direct you to GAMB which as of the last few days (including today's leveraged call position i initiated taking it to my largest spot)... you have as a comparision, a valuation that's 1/5th as much, generates as much cash (and will likely grow this fcf faster), is more recession proof/ industry, not as exposed to IRL goods/ tariffs or another china covefe moment etc. etc. and the stock already "passed go" another great Q and b/c of mcap small, i suspect flows > anything else and that's my alternative to stacking tons of names that i'd "like" to own... but what's the point.
- i don't enjoy when my PnL is 30 or 40 or 100 names. i find at most 5 things i like... and if you can't offer a return or a diversification that's orthogonal to this core/ concentrated book... you go on my watchlists.
- so for me, this is an obvious watchlist based on my alternatives. for now my book is basically GAMB (35%), OBTC (25%), NXT (25%) and TSM (10%). I have a few positions that i am incubating, looking to size up, but other than that (oh yeah short the meme quantum stuff - but again v small for the purpose of this note/ and mention)... it's just not "worth it".
TL;DR... i like my leverage elsewhere. gl to the longs, i'm rooting for you, and will support a dip buy if name comes off for weak comms/ guidance or w/e... at the right price we talk.
until then b well my friends and have a great week
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.