So, DDOG was doing fine–as were all the SaaS and other IT stocks. Then after hours, the bottom fell out. Just as SNOW and NVDA announced earnings. NVDA had supply chain problems and reduced business from Russia. Not exactly DDOG issues. SNOW had revenue problems which were pre-warned and had somewhat to do with rebates they have been handing out and their active program to be more affordable.
DDOG does have a mixed bag of revenue generation, which includes some usage based billing. But I don’t see any relationship to SNOW’s issue. I didn’t pick up any DDOG on the immediate dip. I’ll look closely to make a trade here if the price stays down pre-market. I am roughly 1/3 of my targeted position and I could go over if the price is right.
Hell of a market.
Dreamer should stay away. Hold on to the gains, me boy. You could sit out a year. More. Wait for a degree of certainty and boring 15 or 20 percent gains. I think I am going to add to SPG in that 3rd 3rd of my IRA port. 15% appreciation plus 6% dividend. What’s not to like?
Fear Greed still around 14. O.k. for me to buy. My situation is different. If I were within 10% of my November high I would be at least 50% cash and otherwise invested in OKE and SPG and maybe a dash of UPST for excitement.
GLTA. Looking forward to Thursday’s market. That and baseball are the only games in town. PAC-12 tournament this weekend, regionals next.
KC
3 Likes
Bought a little DDOG at $85.21, pre-market. Down more at open. Sold my ZS ahead of earnings.
KC
Dreamer should stay away. Hold on to the gains, me boy. You could sit out a year. More. Wait for a degree of certainty and boring 15 or 20 percent gains. I think I am going to add to SPG in that 3rd 3rd of my IRA port. 15% appreciation plus 6% dividend. What’s not to like?
Fear Greed still around 14. O.k. for me to buy. My situation is different. If I were within 10% of my November high I would be at least 50% cash and otherwise invested in OKE and SPG and maybe a dash of UPST for excitement.
GLTA. Looking forward to Thursday’s market. That and baseball are the only games in town. PAC-12 tournament this weekend, regionals next.
- Bear market rally trades still working. Baby steps!
- Selling NVDA before close yesterday was right move. But should have bought it back…already erased losses. Bottom-line, this is still a bear rally, and I expect everything lower again in weeks/months down the line, so no FOMO here. Might still get my NVDA core holding once again, but maybe not.
- “Dreamer staying away” would have worked had I committed at beginning of year to just sit on my hands, but UPST/GLBE and a bit of PTLO really effed me, so still down -15% YTD. Hoping this rally can get me close to whole, and then I likely go heavy cash (again).
- When this bear rally peaks (could be in days or weeks - no idea) I may go short the SPY and QQQ, which I should have been doing since Jan 1st.
- ZS reports after bell…I loved them pre-IPO and made some money along the way, but never a true /big core holding as they were expensive at time and I had other shinier toys. Would be nice for an epic ZS beatdown AH to get in lower. Will see.
- SNOW still isn’t cheap enough. $10b rev by 2029 isn’t shocking when you are at $2b in 2022. It is a 25% CAGR. OK. Will they ever be profitable? SNOW did hit my target price of $111 initially in AH yesterday, ironically. But I didn’t bite and if market was down heavy at open I figured it could get closer to $100. Oh well. I can wait.
- I think you are the last college baseball fan standing. Not sure. Cubs suck.
Dreamer
1 Like
Hey O, I had thought that the drag on DDOG was due to the performance of SPLK (per yesterday’s earnings report). SPLK with a P/S of 6 or so and DDOG at 23. So, thought some funds were leaving DDOG and going to SPLK. But just a guess.
Well, SPLK is as good a theory as any. I bought the DDOG dip on 26th and made 9% and 10%, so that worked out. It is a 7% position with a 10% target. I sold my ZS, which I think was correct decision but it didn’t turn out well.
I sold half of my UPST, trying to play the volatility. It is now 17.5% with a target of 33%.
My internet has been out all day. But I see Zelenskyy is talking about talking. Inflation may be slowing. NASD futures are up 100+. Fear/Greed slight uptick. I might regret the UPST sales come Monday.
Cubs do suck.
KC
1 Like
O.k., so I don’t know what day it is. I blame my internet being down. Imagine my surprise when I discovered it is Friday (well, Saturday here in an hour-and-a-half).
O.k., so I blew the UPST sale. Up 15% today. Well, I sold only half. @*!)_!()!!!
KC