KC answered this pretty much, but if you do find the earlier DDOG thread, my guess is you will notice that growth slowed faster than my conservative estimates. So even more reason for it to get hit hard, in shorter-term (3-6 months or less) if entire market goes down.
ZS popped today…so “all clear”?
How many times has NET retraced to 40s after going to 60s? How many times has DDOG retraced to 60s/70s after being in 80s/90s?
On macro level, are we “all clear”? If so, then these might be bottoms. But is this macro backdrop providing the same favorable conditions that allowed DDOG price to previously pop to $145-150+ previously? Doesn’t seem like it.
- So even if macro only gets better from here, why will returns we saw for SaaS in 2016-2021 suddenly return?
- I think #1 is moot, because I don’t think macro is ok. I think it is wounded and may need a bit of bed rest before it gets up and about again. Right now it is running on adrenaline.
Dreamer