CrowdStrike article: Re-Iterate Buy After Huge Q2 Due To High Growth, Highly Visible Revenue, Strong Cashflow And Valuation Below Peers
User comment: Our SaaS stocks are in a big correction today, other than CRWD, if you had cash on the sidelines are there any others that you would consider adding to?
Victor: I’m sitting tight today myself, as I’m invested as I want to be and have cash on the side. I like CRWD, DDOG, NET and FSLY a lot based on fundamentals and may add to them if they drop more, but none of our stocks can swim against the tide if this is a correction or rotation, so I am not piling into them today. That said, If you don’t own any of them or have been waiting for an opportunity to get in, maybe this is it a good time to pick up 1/3 of your position and then watch how things go. Impossible to say. I bought most of my positions more than two years ago, so I’m not stressing when I bought in at 20 or $30 and they are now at 200 or more. Based on individual fundamental earnings calls, and/or changes in the companies structure due to an event like a buyout, I have sold most of my AYX and LVGO, as stated previously. Yes, rough day today, but three short days ago we were up 10% in one day. We’ve had 9 out of 10 “up” days. No stock or market can only go up forever and it has to stop and breathe. We were way overdue for a breather, as I stated in my text two days ago at which time the Portfolio was up 140% YTD. Enjoy the ride and make sure you can sleep at night. Cheers!!
Crowdstrike Outstanding Q2 results another step closer to become leader in cybersecurity
