I applaud the honesty of everyone in this thread. This is my first post ever on this board, and I want you to know your F/A has led me to some fabulous swingtrades where I take positions, sell for gains, and keep those gains as FREE shares of the underlying I just traded. ($CRWD, $SHOP, $ROKU, and the mighty $ZM, all banked shares and forgotten. Thanks to you all for the great discussions on those names.) And being a successful trader (but who goes LTBHAF = long term buy hold and forget)I am 90% focused on charts, which would anger most of you here. So, I don’t post.
As F/A is not my wheelhouse (I practice the art of T/A) I should mention I entered $AYX Friday with others on Twitter. My average buy down price is $123.21. So, I’m only down -1.48% and don’t feel the pain of those of you here.
While on Twitter, I occasionally run into people who know their F/A and who talk way over my head.
This gentleman, Ryan Reeves, with 28,000+ followers and what I guess is an investing service laid a screenshot of a letter sent to his subscribers and shared it with his Twitter followers. In it he slices and dices the way $AYX is now book revenues.
I don’t know if this board has covered this topic as of yet, and if so, I apologize for cluttering the board. But, I think there are some interesting questions to Ryan which might also be in the minds of readers here. He answers one of them.
That said, if you folks have noticed a recent influx of new readers from Twitter, know that I’m the guilty party. I do ask everyone who lands here to always, always, always lurk for a couple of weeks, read the FAQs, and to never junk up the board with one-liners and non-sequiturs as it slows down the reading of F/A types who know their SaaS stuff better than anywhere on the net.
Thanks for your work.
I am always saying I cannot believe Twitter is free.
I have to say the same for this board.
Here’s the link to Ryan Reeve’s thread on $AYX. This thread is about new accounting rule ASC 606. And a reader of Ryan’s OP makes a comment about ISFR 15. This may/may not affect other SaaS stocks in your baskets. One of the guys in this thread said “But, for the complete picture, note that all SaaS companies have transitioned to 606. This isn’t an Alteryx specific thing and analysts were well aware of it. In any case, I’m long and quadrupled my position on Friday.” Well that guy’s confidence might be misplaced on the miscue of revenue growth going forward. But, if you guys haven’t discussed ASC 606, then this post of mine may hold some value.
I’m hoping that if you find this useful, maybe a new discussion on these financial rules can be taken up with a new headline? This discussion looks important enough to me for you F/A types to parse, but then again, maybe you folks have already discussed this ad nauseam and if so, my apologies if this post of mine is beating a dead horse here.
ttps://twitter.com/investing_city/status/1291808755160453121
p.s. Were I you guys, I’d gravitate to Twitter and set up a private discussion board where members of this board on Fool can share screenshots of specific parts of a quarterly. This is not a suggestion to give up this board and move to Twitter permanently.
Twitter doesn’t allow for great long posts, or, what I call “free form” thinking in one post like you find here at an end of the month report (about the only things I read here, unless, it’s an earnings report.) For instance, a great write up by Saul on Twitter, end of the month, would be a Twitter chain 100 tweets or longer, and, the thread would not flow as it does here on Fool.
But what Twitter does allow is the freedom to post specific “visuals” which you cannot do on Fool. If you guys had the ability to come there, post photos (screenshots) of quarterlies, videos by CEOs that open in a feed without the thread disappearing, etc., you will see things more clearly than just the flatness of words.
Also, on Twitter, you can then follow Beth, Bert, whoever. Then you open a link in a window next to your twitter account called tweetdeck.com. Tweetdeck is a moving feed of news by people only you follow. So, say Saul realizes there are maybe 20 people out of hundreds here who consistently post the best stock ideas, if Saul were to only follow those people, those people’s alerts would flow in his tweetdeck screen in the order they are fashioned.
More so, Twitter can alert you to things you may not have thought of: You’ll see photos, videos, etc. about your companies once you also follow stocks with the preface of a dollar sign on Twitter. For instance, go to Twitter now. Find the search function. Type in $ZM. That’s all. Type in $ZM.
The page opening to Zoom will have people who know what they are talking about, and also some flagrant jerks. To get rid of the jerks forever, you block them, and their responses and posts will never clutter your feed again.
Best wishes to all of you.