iBankCoin
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
18,464 Blog Posts

SAAS STOCKS NOW OVERSOLD MOST SEVERELY SINCE 2014

Anyone else remember the great SAAS crash of 2014? I sure do — it nearly ruined me and killed me simultaneously. Here we are again, with technical levels mightily below normal corrections, the lowest since that dark and grim time.

In a hand picked index concocted by myself of the best SAAS stocks in the market, that index is now lower by 15% over the past two weeks.

Unfortunately, I got shaken out of most of my SAAS plays — because they reached my pain threshold. I’m not in the business of riding stocks lower just to fulfill some lack of confidence or ego gene that needs to be reassured. If I miss out on a run, it is because I planned poorly for it. Better luck next time.

I will, however, buy into the rebound aggressively, removing the risk of buying into a downward spiraling tape.

Make no mistake, we are severely OS. However, these types of markets often cause manias and broken elevator trading action, with calls from the finance media for a supreme flush out to crush an annihilate the unwashed pleb from the field of battle.

BONUS: Our tech algos are most oversold in Exodus history, including financial crisis.

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14 comments

  1. acehood

    Bought some MA into the close.

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  2. lawbroker

    Jon Najarian said to buy NTNX at $53. “Buy it. Going higher”

    Pony-tailed nitwit

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  3. biggranddaddy

    i have been catching apple,jpm,v for a good night sleep into january

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  4. Lyndon Keltner

    Most white people think Trump and Kavanaugh are their best response to “take america back” but all they did only made the non-whites hate them more.

    And the inevitable revenge will be unforgiving.

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    • wolfdaddy

      Ha ha ha as a white I dont give a flying fuck. And wait until Kavanaugh unleashes hell on your party for ruining his legacy. Good luck

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      • Lyndon Keltner

        My party? I contribute mostly to hardcore Republicans who want to abolish Medicare so old white motherfuckers can die faster.

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    • ferd

      That’s OK Lyndon, many low IQ insecure folks like yourself are racists and generalize about people who are different than themselves. We understand.

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      • Lyndon Keltner

        You don’t get to say someone’s IQ is low when yours is lower. That only highlights the lowness of your IQ.

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        • ferd

          Of course, the person who said recently (in response to no one …and out of the blue): “The C students at my alma maters were plenty bright, but then I went to the elite schools that require near perfect SAT/GRE scores to get in.” must be waay smart …and wicked secure.

          Anyway, chill Lyndon. You’re smart enough. Be well. Don’t generalize.

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  5. Dr. Fly

    No politics please. Lyndon, one more racist remark and you’re a goner. This is a RACE FREE trading blog.

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  6. moosh

    So, was Venom any good?

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  7. chuck bennett

    That’s racist man!

    I love to racism too bro.

    Regards

    Chuck Bennett

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  8. kwmt

    What tells should we look for in the SAAS sector that would indicate a recovery? Too many times I’ve watched a stock/sector recover without being onboard.

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  9. cancel19

    Both Dr. Fly and I got us some $TNA this afternoon! 😉

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