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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,428 Blog Posts

How Oversold Are SAAS Stocks Now?

Dr. Fly Fri Oct 5, 2018 9:52am EST 2 Comments

More or less, the SAAS sector is down in the order of 10% the past month, a phantom correction in an otherwise sanguine tape. The technical damage, however, is at 52 week highs.

What does that shit mean?

Exodus measures stress points in stocks and sectors. Right now, SAASFAGS are stressed AF, literally dying now. So, we can conclude two things from this signal.

1. This time is different and down we go.
2. This time isn’t different. Buy the dips.

Top picks: HUBS, ZEN, BL, TEAM, TWLO

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2 comments

  1. mushroomz
    mushroomz
    October 5, 2018 at 10:27 am

    Handing out SAAS stock recommendations to trick or treaters this year

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    • 0 Deem this to be "Fake News"
  2. cancel19
    cancel19
    October 5, 2018 at 2:55 pm

    Is there a SAAS ETF?

    • 1
    • 0
    • 0 Deem this to be "Fake News"

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