Whew!! New day, new high…tulips?? I say not. These companies have real value, incredible growth and solid balance sheets… and as we approach earnings calls in 6 weeks, companies growing as fast as these often get traded up in anticipation. When a company like these with really high valuations like a 30-40 EV/S doubles their sales, that ratio gets cut in half making the stock look a lot less expensive. When growth does what CRWD and FSLY and ZM are doing and more than double q/q… well, eventually the stock price has to follow… but I’m still dumbfounded by this incredible run.
Cheers and happy summer!!
