Seems that may be a bit in play today. RedHat is down about 11%.
Pivotal down about 5.8%
Alteryx down 3.7%
Okta down 4.2%
Nutanix down 3.5%
Talend down 3.3%
MongoDB down 2.7%
Might be a bit of a sector rotation going on too, maybe partially prompted by the RedHat results.
Just some short term thoughts about potential opportunities,
-volfan84
Market very jittery anyway, growth stocks are taking some swift down drafts. Means people are skittish and willing to lock in profits. Sell in June, avoid the swoon! ™.
Black swan events possible: Trade war, NoKo talks collapse and US actual gives them a bloody nose and honks off China. But economy good now, can withstand foreseen rate hikes (but dollar strong, which I think hurt Red Hat).
Wonder if it has anything to do with the annual Russell rebalance today?
Interesting thought…would think that could impact some things, especially as an only 1 time a year event.
https://www.cnbc.com/2018/06/22/russell-rebalance-will-make-…
I don’t see any directly relevant news to AXY or NTNX, wondering if its a good time to add now
I don’t see any directly relevant news to AXY or NTNX, wondering if its a good time to add now
Everyone’s situation is different, only you can answer that for yourself.
I do agree with you, not a lot company specific news on the high revenue growth cloud stocks discussed here, they all seem to be getting hit today (someone else mentioned a potential sector rotation, who knows?). My situation is that I have some money available from some other recent sales, and my allocation in many of the stocks discussed here is not as high as I would like, so, yes, I’ll be adding some to my positions today at what looks like a discount.
I don’t see any directly relevant news to AXY (volfan84 note: presuming this was meant to be AYX for Alteryx) or NTNX, wondering if its a good time to add now
Obviously your investing decisions are your own, but I will say that I added a shorter term NTNX call option position a bit earlier today as well as a further PVTL call option position, and I have had an order outstanding for adding an AYX call option position that in the past 5 minutes seems to be about to run away from the price range I was hoping to get it for.
I also added some Dec. JD $45 calls as it has been down this week on trade war fears subsequent to the great piece of news of Alphabet/Google making about a $550M investment in JD).
Here’s a new JD.com article on the free side of the Fool:
https://www.fool.com/investing/2018/06/21/its-time-to-get-gr…
volfan84
long NTNX, AYX, JD, PVTL in various positions
Ntnx taking a beating today. Engage panic. Wish I had free cash to add 
I now have
Ntnx
Wix
Anet
Shop
Googl
Fb
I don’t see any news, any idea why NTNX is down? Trying to decide whether to add or wait and see?
I don’t see any news, any idea why NTNX is down? Trying to decide whether to add or wait and see?
No news. Some tech names took a decent beating today…that’s all.
As to whether or not to purchase, that is a personal decision only you can make.
Don’t think anyone can help with that, but good luck.
I couldn’t trade today or may have bought a little. If next week sees continued drops, I’ll be adding to some of my positions including NTNX.
Take care,
A.J.
Yeah, I don’t think the story has changed, so I’ll keep expanding port.
Want to reach 9 stocks and then rotate to add.
I’m 32 by the way and way off retirement and micro portfolio
RedHat is related to legacy enterprise software, i.e. SAP and Oracle. These are mature industries, and not the growth powerhouses they once were. Oracle hasn’t grown significantly this century.
Here is a Seeking Alpha article on RedHat. Gary Alexander thinks the shares may actually be a buy now after the drop, as the cash flow guidance didn’t really change from before.
Red Hat: Time To Dip Your Toes In https://seekingalpha.com/article/4183502?source=ansh $RHT