I’m with you. I realize it’s a red, red day for all tech, but Zscaler’s earnings bump to the $180’s only got it back to mid-May levels. After fading back to the mid 160’s, it’s actually down in May. That’s an opportunity in my eyes. After initially trimming on the bounce, I’m now adding back to this, my now second largest position. I think once the dust of today settles, the market will find a very healthy Zscaler that is not as large and maybe not quite as dominant as its partner Crowdstrike, but is very much in the same league, yet sports a multiple that’s about half of what CRWD’s is.
Bear