The trouble is that some just can’t see what others can. What an opportunity we have, be it tomorrow or yonder to pick up Stocks that have already proven themselves to be worthy of our conviction. Sometimes it’s better to move on and not keep thinking what it could be as what you wish for may never happen. Respectfully.
That sounds very much like what you said in August here, branmin:
https://discussion.fool.com/i-was-like-you-mekong-up-until-about…
…once a stock is broken, perhaps you should just move on? Look forward rather than backward regardless what “could be”. You could be right in the end but it’s more about your mentality in dealing with what’s happening now as opposed to what could happen in the future.
Sometimes it’s better to just let it go…
Since that post on August 2nd, NTNX is up more than +10%, while the majority of the SaaS stocks followed here, including OKTA, CRWD, etc are down over that same period. CRWD is down -40% during that time.
So at least so far, my decision at that time to move funds into NTNX has worked out a lot better than had I moved those funds into other stocks.
Also, not to belabor the point, but this is a particularly important quote from yesterday’s press release:
Reached 79 Percent of Billings From Subscription, Well Ahead of Plan: Nutanix continued its transition to a subscription-based revenue model, outperforming its internal expectations, with subscription billings up 45% year-over-year to $339 million
So almost 80% of their billings are subscription. And subscriptions billings are growing at 45%. And revenue lags billings. Still hard to imagine how Nutanix’s revenue could soon be growing at 20%+ or 30%+ or 40%+ again in the not too distant future?
I can
-mekong