MDB

Not sure how many still remember the discussion of Amazon’s invasion into ESTC’s and MDB’s fields a couple of years. How have the two names performed since then? IMO, AMZN is so invasive that it has become a handy tool for the big boys to manipulate stock prices.

As of today’s premarket MDB is up about 160% ytd. What I love about this message board is the breadth of experts. Brittlerock doesn’t post a lot but when he does; I listen. He once said about MDB that he’d seen this change in databases play out in the past and that boded well for MDB. I always remembered that quote and have kept an overweight in the name. For him and the many other generous contributors of this board, I thank you. You and of course Saul, will never know how much your comments ripple out in an ocean of information. Thank you again.

Rob

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Looks like MDB is moving up quite a bit in the premarket again today because Morgan Stanley just increased their price target from $295 to $439! (Yesterday’s closing was $336)

I know price target moves are just noise that have no real impact on the value of a company, but that’s quite a huge raise, especially after Mongo has already moved up a lot these past few weeks since earnings.

-mekong

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