7/30/24 :: VROCKSTAR :: 
CRWD
buying low $230s, 1% only
- no doubt this is still "expensive"
- *everyone* is going to try to sue them, lol (that's what's driving this headline)
- the unwind today is more a function (i'd guess) of the compounding nature of QQQ's risk off + deleveraging vs. the headline itself
- STILL EXPENSIVE. the actual EPS? that's the issue - mkt can't look thru. It's probably still > 50x PE
- the floor on this? probably sub $200. But that's 15% lower. Am i willing to neck out here w/ 15% downside on an insider-owned insider-driven-event (cough cough, don't expect me to say more)? yes.
- am i keeping my powder dry and would prefer to own semis over this expensive software w/ an overlook issue? yes
But i've had this on my watchlist for some time. I'm legging in. It's non obvious. 6/10 conviction for me. playing a mean reversion to some degree as well - so will need to be nimble.
if u don't want to over complicate your life. just ignore this and set a reminder for crossing $210 if/when we go there (no promises in markets). there r plenty of oppties every day.
V
CRWDbuying low $230s, 1% only
- no doubt this is still "expensive"
- *everyone* is going to try to sue them, lol (that's what's driving this headline)
- the unwind today is more a function (i'd guess) of the compounding nature of QQQ's risk off + deleveraging vs. the headline itself
- STILL EXPENSIVE. the actual EPS? that's the issue - mkt can't look thru. It's probably still > 50x PE
- the floor on this? probably sub $200. But that's 15% lower. Am i willing to neck out here w/ 15% downside on an insider-owned insider-driven-event (cough cough, don't expect me to say more)? yes.
- am i keeping my powder dry and would prefer to own semis over this expensive software w/ an overlook issue? yes
But i've had this on my watchlist for some time. I'm legging in. It's non obvious. 6/10 conviction for me. playing a mean reversion to some degree as well - so will need to be nimble.
if u don't want to over complicate your life. just ignore this and set a reminder for crossing $210 if/when we go there (no promises in markets). there r plenty of oppties every day.
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.