7/30/24 - $crwd - buying low $230s, 1% only7/30/24 :: VROCKSTAR :: NASDAQ:CRWD
buying low $230s, 1% only
- no doubt this is still "expensive"
- *everyone* is going to try to sue them, lol (that's what's driving this headline)
- the unwind today is more a function (i'd guess) of the compounding nature of QQQ's risk off + deleveraging vs. the headline itself
- STILL EXPENSIVE. the actual EPS? that's the issue - mkt can't look thru. It's probably still > 50x PE
- the floor on this? probably sub $200. But that's 15% lower. Am i willing to neck out here w/ 15% downside on an insider-owned insider-driven-event (cough cough, don't expect me to say more)? yes.
- am i keeping my powder dry and would prefer to own semis over this expensive software w/ an overlook issue? yes
But i've had this on my watchlist for some time. I'm legging in. It's non obvious. 6/10 conviction for me. playing a mean reversion to some degree as well - so will need to be nimble.
if u don't want to over complicate your life. just ignore this and set a reminder for crossing $210 if/when we go there (no promises in markets). there r plenty of oppties every day.
V
