In my earlier reply in this thread this is how I felt about Monday…
“…Well to be honest, I do have some apprehensions primarily due the highly competitive space that Monday is in and also due to the “Mission Critical” factor; the bar for which has been set very high by companies like Datadog, Zscaler, Snowflake and MongoDB in my portfolio…”
I’m fine that it was a relatively small position for me ( bumped up from 6% to 7% yesterday)
The stocks that make it to the top of my portfolio needs to be “Mission Critical” and I cannot emphasize this enough.
I’ve sold out my Monday position. I’ll stick to what I understand well and to the top names in the portfolio. Monday may do very well going forward and I wish they do but it’s not for me.
Cheers!
Cheers!
ronjonb ( https://twitter.com/ronjonbSaaS)