I posted what I did and why during the month of February; therefore this will be quick.
I’m down 0.87% for this month. Up 2.7% year to date. Last months summary here https://discussion.fool.com/jason8217s-jan-port-summary-34738748…
Simply put,my % Allocation should reflect: My level of confidence that the company will continue to grow share price as fast or faster in the next year.
During this month:
I sold more Zoom and Bought more Docu after both went up but Zoom more than Docu and I’m not sure that the verticalization of Zoom, although will be fun to live through, I’m not sure it’ll sell enough to keep them accelerating revenues enough to keep the Mr Market happy, compared to the amount Docusign will if Docusign monetizes the massive increase in customerS obtained in the last few quarters. I believe they will do this by way of continues growth in marketshare for e-Signatures and roll out Lifetime Management.
Looking at the above and DDOG growing revenues 15% Sequentially with easy comparables beginning next Q2, I sold the rest of my Zoom and bought more DDOG after Earnings when share prices dropped 10%.
I said I’d be very happy with 11% in Q4 below.
Revenue Growth in %
Q219 82% +19%
Q319 88% +15%
Q419 84% +19%
Q120 87% +15%
Q220 68% +7%
Q320 61% +11% +15mil
Q420 56% +14.8% = +23mil/155mil Q3 Revenue
SE being up 55% since purchase last December and my feeling overweight at 13% (my not knowing the effects of post-COVID-19 on Gaming revenue for Sea; and Sea is basically a private company (with the founder and Tencent together having 80% of the shares)and therefore has lumpy spend, likely for the better if you agree with the owner; but, will the share price hold up if they make a sharp turn into some other line of business without notice? and DDOG down 10% after Earnings)
I sold a bunch of my shares of SE and bought a bunch more shares of DDOG with the proceeds.
After Reading McKinnon at Goldman Sachs: In terms of the time to migration
I sold the rest of Zoom @$437 to buy back a 3.88% portion of my portfolio in OKTA @$277 10% off their ATH. And then after more research specifically this article in CSO Online https://www.csoonline.com/article/3607350/okta-ceo-here-s-wh……
I sold a lot more Sea to by 2nd third of OKTA.
I continue to hold NET at such a high level for many reasons. Relative to OKTA there this from .Mathew Prince, Q4CC
The company has launched a number of products and features that are important to customers, including its zero-trust network security solution, Cloudflare 1, and Magic Transit. CEO Matthew Prince believes Cloudflare’s zero trust solution is the best in the industry, noting that Cloudflare “is the only company with a zero-trust solution that really understands and is built for the needs of developers”. Cloudflare’s mission is to provide value for developers in a way that other companies do not.
And I believe him😁