It has been a long haul for SAASFAGS out there. The predictable repeatable sages from San Francisco had a brief pause and subsequent plunge, those fuckers are back in style today. Look at those fucking gains.
Will this rally continue?
Absolutely.
There have only been a handful of -25% drips in SAAS the past decade. Look at the far right hand column of that picture above. We’re there and I declare, with the might and braun of a hungry lion trapped inside of a cage with weak beta males, this sector has bottomed.
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“The era of the cloud had ended”
– Fly, 2 days ago
“If MSFT and AMZN have good guidance, then SAAS is where you want to be headed.”
– numbersgame, 2 days ago
Microsoft coud revenue forecast: $11.25 to $11.45 billion vs consensus of $11.20
-> SAAS went up. Knee-jerk reaction, too early.
I’m going to flip it again: given that the market looks weak and still can’t get above 300 in like *two weeks of trying**, most SAAS stocks are *not* where you want to be. Right now, most SAAS stocks are lottory tickets based on AMZN guidance. If AMZN has bad guidance, sell SAAS in the morning for a profit whiel you can get it. If AMZN has bad earnings, sell SAAS to cut your losses.
Fly – what is going on at the house? Any Waffle Houses in the area?
We need to know what has been going down?
Are you drinking the tempranillo?
The seesaw of emotions within the titles of your recent posts is absolutely staggering.
Disaster. Averted. Flush. Breakout.
In the name of Jesse Lauriston Livermore, people, stop trading this muck. Buy something and hold, or take a damn vacation somewhere to play the dogs or horses. Hell, how about Jai Alai?