Almost every dip in SAAS stocks have resulted in sharp rallies and monetary reward. Recently we’ve seen a sharp decline in the software sector, which is the most overvalued of all the tech sectors — due to high growth/margins business models. Every 5 years or so the sector gets upended and I’d be remiss to tell you that this VC fueled industry got fucked almost immediately after the We Work debacle.
YTD Returns for top cloud-humping stocks.
Truthfully, I don’t have any strong opinions here, especially since once upon a time in 2014 I had very strong opinions about buying the dip — only to get my fucking face blown off in the five fingers of the apocalypse. What I can tell you, without equivocation, the sector has never been more overvalued vs the tech sector.
Here’s the trick. You can buy anything you fucking want. Who’s gonna stop you? But if you buy SAAS now and your stocks fall 10% from the basis, you have lost the right to own them anymore. Sell it and move on. My hunch, if forced to offer one, is for more downside. The whole market is heaving and teetering on sloppily spilling over and slinking down the sewer drain.
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That’s why I started buying cheap way OTM poots in these overvalued parabolic pigs. The day has come for them to be slaughtered.
What the hell is an “SAAS” stock?
Software As A Service. aka SAAS
He waited 4 hours to find out when he just could have looked it up on the net
You’d sure go bankrupt in a hurry running
a business. If there are 1000 people reading
this blog, and 500 of them don’t know what
an “SAAS” is, you’d have them all spend time searching the net.
Why do newspapers write “Sam Glutch, LAWYER FOR FINKELSTEIN” instead of
having thousands of people searching the
net for possibly-ambiguous explanations?
Sorry dude, but this isn’t some near-anonymous guy (Gluthc) SAAS is a common term, with bascially 1 use. Less than a second to find it.
Fly even provided a ticker list of SAAS companies, which is a much more appropriate and hard-to-find set of information.
Of the “500” people that can’t figure out what SAAS is inside of a minute, 490 would never subscribe to Exodus, 9 would have trouble figuring out *how* to subscribe to Exodus and the the last one is a high-maintenance princess that wouldn’t be worth the indiviudal attention from Fly that their subscription would entail..
ericbakerbruce- I’m with you on this.