AYX

Well I have no more info but I increased my AYX holdings by a third. In for a penny in for a pound, I’ve heard it said.

I’m reminded of the recent nonsense over ROKU.

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The reason for AYX drop is that market thought Spruce Point Capital (short seller) will come out with a report for AYX. But it’s false.

Spruce Point says long Alteryx, calls short report rumor ‘categorically false’ Spruce Point Capital tweeted: “We are LONG shares of Alteryx, Inc. $AYX It is our understanding that one factor driving today’s selling in the stock is a belief that Spruce Point is planning on a releasing a short report. Categorically false. #fakenews … We have NO plans to release a such a report and our historical diligence suggests $AYX is at the forefront of data analytics and has an extremely sticky market position with a long runway of growth opportunity #bullish

https://thefly.com/landingPageNews.php?id=3005585&headli…

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Interesting. It’s up only 80 cents per share after hours.
I haven’t been able to find anything that indicates why there was this short report rumor, or by whom it was being spread.

I’ll be very curious to see if this is really the reason for the 10% or so decline in share price and/or whether it bounces back tomorrow.

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I also meant to say that the quote above indicates the short report rumor is but one factor for the drop today.

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The share price booked as soon as Spruce released their press release. Thanks Ian for finding it in real time. I had already bought my film for the day. The retracement back down was probably short term traders taking profit. It does seem Spruce rumor (not their fault) was the catalyst. May have been a downward day anyways and that gave it fuel.

As I say stocks go up and they go down but stocks like AYX and MDB (after the IPO phenomenon) end up eventually down the yellow brick road.

Best time to join the journey is during those detours - much of the time.

Tinker

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If you combine the Spruce release with some TA AYX broke it’s 200 day moving average. At that point the robots took over. As Tinker mentioned the fuel was already on the fire. I think these two factors led to today’s drop but I could be completely wrong.

If anything this is an opportunity for the long term. It will be a blip. Let your winners win and that can take some time :wink:

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Someone let me know (but wasn’t allowed to post publically because he had added to his Alteryx position) that Alteryx may have been down today because of a false rumor that Spruce Point Capital was going to announce a short today. Spruce Point said however that it was false news, and explained why they had changed their mind if they ever intended to short it. See this link:

https://twitter.com/sprucepointcap/status/120486380500574618…

Saul

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By the way, it’s worth clicking through on that link I included.
Saul

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From Spruce Capital Twitter…

We have NO plans to release a such a report and our historical diligence suggests $AYX is at the forefront of data analytics and has an extremely sticky market position with a long runway of growth opportunity #bullish

We are LONG shares of Alteryx, Inc. $AYX
It is our understanding that one factor driving today’s selling in the stock is a belief that Spruce Point is planning on a releasing a short report. Categorically false. #fakenews

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Sorry, my last post had already been posted by Kevin2017 earlier.

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Lots of speculation about lots of alternate reasons for AYX market behavior. Consider Occam’s razor.
. The simplest explanation is probably correct. Its a random walk.

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I’ve been holding on to Twilio shares (even though Saul sold the rest of his), but after hearing so many good things about Alteryx, and now seeing it drop below Twilio (possibly thanks to a misinterpretation of Spruce Point’s intent)…

I finally decided to move out of Twilio and do a nearly direct trade (approx 1:1) of Twilio shares for Alteryx shares… Hopefully it was a good call

Of course, now that I’m out of Twilio it will probably soar (a common occurrence for anything I sell).

Thank you Saul for providing an incredible discussion board and a strong community!

Best regards,

Robear

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After checked SA, I believe I found something that caused AYX recently act. There is a another forum named VIC they discuss further into the ASC 606 and they got a result about AYX probably take the contract value upfront in their recently revenue, that caused very pretty numbers as we saw. And they didn’t provide more details about the contract duration. Of course, the main reason probably comes from Billings. Just for reference, because I don’t buy the the reason above caused the price crashed.

Rick LONG AYX

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