A little catch up!
- My portfolio was up 15.1% last week.
- It is up 45.0% from it’s low of June 16.
This is why I don’t try to time the market. Do you remember back in mid-June when all those trolls showed up telling us that SaaS stocks were finished and would drop another 50% and I was exhausted and frustrated by having to delete a half dozen posts, to sometimes a dozen, posts a day? It was an unpleasant and scary time
- How did my stocks do from their lows to Friday’s close? Here they are (as of Aug 6) in order of results.
**NET, from $38.96 to $74.24, up 90.6% !!!**
**MDB, from $213.4 to $356.8 up 67.2% !!**
**BILL, from $89.9 to $142.5 up 58.5% !!**
**SNOW from $110.3 to $165.53 up 50.1% !!**
**CRWD, from $130.0 to $191.2 up 47.1% !**
**MNDY, from $87.05 to $127.83 up 46.8% !**
**S, from $18.64 to $26.36 up 41.4%**
**DDOG, from $81.1 to $113.3 up 39.7%**
This is why I don’t go into cash. Did I imagine that in seven weeks this was going to happen? No way. If I was in cash, would I have gotten back in at the bottom? (no way). Or would I have worried that it wasn’t the right time yet, and then suddenly the prices would have been up too much and I’d be afraid to get back in.
- Cloudflare went from fourth place to first place in my portfolio on Friday, rising 27% in a day and 47.6% in a week. It’s now up almost 91% from its low in this contraction.
Did I know that this was going to happen? Not a chance! Just a week or two ago people were telling us how overpriced it was.
- Datadog, everyone’s favorite, has risen the absolute least from its low, as you see above.
That’s why I’ve quit taking those 30% positions in my favorite companies. It’s never worked for me. My position in Datadog has varied in the past few months from about 17.5% to 19.5%. It’s now 17.4%.
Best, and I hope that this was helpful.
Saul