Saul posted in his Jan update: continuing to trim New Relic and finally sold out of it for cash as it continued to not rebound off its lows and I didn’t know why not, which made me very uncomfortable!
In Jan, NEWR did rebound off its lows and is now within 10% of its all time high. Earnings are to be announced this upcoming Wednesday. I don’t have Saul’s agility in moving in and out of stocks, and I don’t try to emulate his style, which while wonderful for him I couldn’t do since I don’t have the same good instincts that he has. I still own my tiny starter position in NEWR.
Anyone have a good bull or bear case for NEWR right now? Any earnings expectations?