Hey all, kinda OT but the other day I wondered if someone blew up that owned DDOG because it swung way down and then back up intra day.
Story on CNBC just broke that Melvin is closing shop. They owned 2.5 million DDOG shares and 1.5 million BILL
Do we invest based on bounces after funds unloading? No but this feels similar to the covid lows where anything SaaS related got crushed indiscriminately and then everything rallied back hard.
Dunno if that’s what will happen now but boy does it feel like a good opportunity to be buying DDOG, BILL and others if we truly are long term investors.
Long DDOG, BILL, and Saul’s Board. Hang in there everyone!