I was long AYX, DDOG, OKTA, NET, ZM, CRWD, SQ, ROKU.
On 4/3 Friday, I sold my positions in SQ and ROKU and am down to 6 positions. I intend to weather this storm holding onto these.
The reasoning behind NOT SELLING these 6 stocks can be found here:
My portfolio at present looks like this (in descending order of allocation.)
This is a time for making hard decisions for the well-being of you and your family, friends, community and of course your finances.
From the list, OKTA is my favorite stock for a lot of reasons which I’ll write about someday ( do read muji’s posts for some great insights about this company). A few years back when some of my buddies and I were looking for some great new software ideas, we discovered OKTA. I bought my first position after the IPO in 2017 and have been adding and adding some more ever since. I also learnt a lot about OAuth 2.0 from them while trying to get some code working
I cannot be thankful enough to Saul and all the other great contributors on this board and am glad to have stumbled upon this board about a year ago. I’m not a business numbers guy but if there’s anything technical that I can help with, please let me know. My entire day is spent writing code and living in the cloud and that’s the only thing I’ve come to understand well :). I added a little more ZM, OKTA and AYX today with the proceeds from SQ and ROKU. Not that I don’t like SQ and ROKU but I like OKTA, ZM and AYX more at this time ( This is something I’ve learnt from Saul by lurking on this board for more than a year). I also think that ZM’s security concerns will be short lived and that’s why I’ve been buying more. The deluge of new ZM users at this time will open up many new use cases for ZM and should bode well for them.
These unprecedented times are an indication to which business and trends are going to ubiquitous in the next few decades…and the signs are pointing to SAAS and Big Data.
Times They Are a-Changin’
long <OKTA, AYX, DDOG, NET, ZM, CRWD>