I hesitate ever to try to call the bottom of a portfolio drop, but after now bouncing off the portfolio lows 4 times, we are up significantly in four out of the last five trading days… and significantly off the lows of last week. Three of those up days we were up well over 5% EACH day. It is impossible to time these things and that is why I just remain invested in great companies and try to take advantage and add to my positions when the stock price dips.
Several items of note today include LSPD (currently a 7% holding) who released earnings before the market opened today and absolutely crushed all expectations, clocking revenue growth of 127% quarter over quarter. The company is well positioned to continue this growth for at least two or three quarters combining strong organic growth with significant synergies they are realizing from several acquisitions over the past year.
On a different note, one of CRWD’s cyber-security competitors, “Palo Alto Networks” (PANW), released incredible results after hours today and are up 6% after hours as I draft this post. This bodes very well for our largest holding, CRWD, which will not release earnings until June 3. The cyber-security sector stands to benefit tremendously from the many global purported state-sponsored hacks and security breaches we have had in the U.S. recently…as long as it’s not one of OUR companies that gets hacked or our security companies breached!
Cheers!! -Poleeko
