Wishing everyone much health and safety amidst this OIL (Once In a Lifetime) event. Here in the Bay Area the seven million people in seven counties are in more or less lock down. The markets are understandably volatile with the economy in jeopardy and bordering on the 1929 era. I continue to nibble on the companies I like when they dip too low…picking the bottom is a fools errand, so I pick up more of companies like AYX when they hit $84 like yesterday. This could and probably will go on for several more months and have an impact on the economy for 12-24 months. Not that SaaS companies are immune, but I think of them as the teenagers who are mostly immune to this virus. In the meantime, CRWD just released one of the best quarterly earnings reports I’ve ever seen. They are up 8% today and 20% or more after hours. I encourage you to Use this time to be with your families and do not underestimate the need to stay isolated with them and protect yourself. Several friends who are doctors with Stanford and PAMF tell me the hospitals are already at capacity and they are out of supplies. This virus is far more contagious than the cold or flu…and ten times as fatal. Enjoy the positives of this period in time. Be positive, but stay negative. My thoughts and prayers are with you all.
