$Figma Inc (FIG.US)$ The selling pressure doesn’t seem too heavy. A while back, quite a few retail investors were shaken out.

$Figma Inc (FIG.US)$ Today I added another small position, increasing my holdings to 1,400 shares with the average price dropping to 55. I might as well die.

$Figma Inc (FIG.US)$ FIG has been performing well these days! When the stock price is active, it's time for proactive trading to recover losses! The current cost basis is 41.98 yuan. Following my expert’s advice, I shorted 20 contracts of the 45-dollar covered calls expiring on February 20, 2026, at a price of 2.05. I earned a premium of 4,086 dollars. If the stock price exceeds 45 two Fridays from now, the shares will be called away. However, this would be equivalent to selling at 47.05 yuan, walking away with over 10,000 dollars in profit. If it doesn't reach 45, then my cost basis drops by 2.05, down to 39.93 yuan! By continuously actively recovering losses this way, my cost has decreased from 50 to this level without tying up additional capital, which is much better than averaging down through buying at lower prices!

Recently, $Figma Inc (FIG.US)$ The stock price has continued to decline after a high opening at the IPO. Since I still hold a position and maintain interest in the company’s long-term product strength and industry standing, I have conducted a systematic breakdown of its fundamentals, attempting to provide a clearer understanding from the perspectives of background, products, profit model, financial data, major risks, and operational recommendations , to help readers objectively understand the core contradictions behind the current valuation. The original analysis is lengthy, and this article presents a condensed version of the key conclusions for reference and discussion within the moomoo community.
Before delving into the specific analysis, it is necessary to introduce a frequently overlooked yet crucial concept for understanding Figma:SBC (Stock-Based Compensation, equity incentives),SBC is not a 'cost-free' expense. As Buffett emphasized in his earlier shareholder letters,if stock-based compensation is not treated as a real cost at the accounting level, its economic substance is equivalent to continuously transferring shareholders' equity to management and employees in a non-cash form.。This point is particularly critical for SaaS companies characterized by high growth and substantial equity incentives and serves as an important premise for understanding Figma's current EPS, ROE, net profit margin, and valuation discount phenomena.
At a stage where fundamentals have yet to be fully realized and valuations still heavily rely on future expectations, the continuous issuance of SBC (Share-Based Compensation) coupled with management's selling behavior after the IPO lock-up period often leads to...

$Lululemon Athletica (LULU.US)$
Lululemon Q3 2025 earnings conference call is scheduled for December 11 at 4:30 PM ET /December 12 at 5:30 AM SGT /December 12 at 7:30 AM AEST. Subscribe to join the live earnings conference with management NOW!
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$Figma Inc (FIG.US)$ Next target: the RMB 40 price level, or the 30-day moving average at RMB 40.38! Execute the plan!

$Ferrari (RACE.US)$  whats a good price to buy?

$Leverage Shares 2x Long FIG Daily ETF (FIGG.US)$ 38 a bundle of put options

$Figma Inc (FIG.US)$ See! I was right, wasn't I? No matter how much it gets battered, it will definitely rebound and be ready to counterattack the bears at any time! This is a clear sign of a bottom! The K-line patterns are also very beautiful! Moving steadily upward, the next target is the 20-day moving average at 38.5!

$Duolingo (DUOL.US)$ It's absolutely insane; I’ve even started to question whether the choices I made were correct.