You don’t have to be an investor very long before you hear the Buffet maxim to “buy when the blood is in the streets”, but how many of us ever have the fortitude to follow that advice?
We’re also familiar with “buy low, sell high”
I see this turn of fortune for NTNX as a time to apply both. This board and NPI have spent as much time analyzing this stock as any other, and so far their prospects have been held in very high regard. Then came the latest CC.
Now I’m not saying it happens, but there are people who believe that a lot of the media we see is somehow skewed so that we the public are not so much informed, but manipulated. And I don’t know who the analysts are that were there, but the concern wasn’t “You have too much debt”, or “Competitors are eating your lunch”, or “your product line is crap”, etc… the concern was “You don’t have enough salespeeps”. This is not what I consider very damning criticism.
The street needs people who will ‘sell low’, and if you look at the chart, it’s about as low as anyone could expect to get.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…
I think if there was ever a time to wade through the blood and buy something it is now. And if it takes a year to get back to $50 or $55 it will fit the investment style for most of us, and you will still be well rewarded as a percentage return.