Hedgeye CEO Keith McCullough is adding Zendesk (ZEN) to the long side of Investing Ideas. Below is a brief note.
Despite the early morning panic-selling by people who don't have a risk management process in Tech (they're just chasing narratives and charts), we're still long of Tech and looking to add more Long Ideas to our Institutional Best Ideas product.
One new name that I've been waiting on is a name Technology analyst Ami Joseph likes on sale: Zendesk (ZEN).
Per Ami, the stock is for sale today because "in the words of the late Bush1, 2Q was bad. Real bad. 2H20 will be good. Real good.”
Oh do I love buying things on sale,
KM
