📉 ServiceTitan getting hammered despite beating on revenue and EPS.

Is there a good reason for Service Titan to be trading down as hard as it is, Pete? I mean, this is an ugly trade, folks. If you haven't seen this stock, Tan, Service Titan, it is down 30%. >> Now, 30% is what it usually takes a strong company to make in a year in terms of its stock gain and so forth. This one's falling by that much. um despite the fact that they beat second quarter revenue and adjusted earnings per share. Well, what does that probably mean, Pete? It probably means the guidance going that way. We know looking backwards it's okay. The guidance going that way probably not so good. Right. >> Right. And they their guidance Well, the word disappointed comes right after that. And that's exact You're exactly right. And down 30% though. I mean they are taking this thing to the woodshed. It's pretty bru brutal, John. And you know what? This is one of those times, you know, you and I talk about this all the time. There's huge shorts in so many various stocks. In this particular stock, there are some very large short short interest there. Um, a lot of the time we talk about the squeeze. Well, I'll tell you what, at some point, John, these guys might want to cover [laughter] because if you looked back to where it just had peaked out recently as well, it's down about 50%. So 30% alone today, but another add another 20% to that. At some point, maybe those guys will come back in and start to maybe buy some of that short that they've put on. And I'm not saying that they're going to be buying in such a way that it's going to be a squeeze by because the squeeze buy comes when you're at in a panic and you're running for it. These guys don't have to run for it. With the stock getting hit as hard as it's gotten, John, and then they give the disappointing um guidance. I think it it speaks for itself that they could come back and maybe start nibbling in a little bit on some of the stock which might put it at least flatten it out for a little while without having to go any further. >> Well, mid August of this year, Pete, so not a month ago, just two or three weeks ago, uh this stock was a hundred bucks a share >> and it has absolutely collapsed now with this 30% drop that we've been talking about. It traded to a low today of, let me see here, Pete, $5555. That is about a dollar above the 52- week low. So, ouch. This is [laughter] pretty terrible for uh Service Titan. And uh um I don't know if anybody's going to be jumping in here real fast, Pete. I think they might take their time stepping back in. Yeah, >> but that's a tough one. It's basically um software for contractors. So, when they schedule jobs or send out invoices and things like that, that's great. Um and as as we said, their second quarter earnings were better than expected, but the expectations going forward not so good. Heat. Hey, Heat.