Reminder (Totally Off Topic): Always Buy Dips of Well Run SAAS

If there is one thing I have pounded into your thick skulls for the past 6+ years is to embrace the science of SAAS. Data analytics in a manner to control consumer trends will only get better. That being said, I am seeing some fine software stocks down in the AHs and many glib fucked for faces on Twitter are declaring them to be dead. Let me tell you something now — you see dips in stocks like EVBG, ZEN, HUBS or CRM — you buy. You do not time them or worry about the conference calls. You rely upon the management to figure it out — because it is their job. Your job is to position your money wisely to grow in a manner that conforms with data analytics.

We are probably in the 5th inning of moving IT departments out of corporations and into the hands of various SAAS companies. Their revenues are, by design, predictable. Valuations are high because they’ve proven to be able to deliver. So when you see dips and fathom yourselves to be gurus for avoiding the ongoing death knell in XYZ trading at 25x sales — just know you’re an idiot and instead of eschewing XYZ you should be buying.

I closed the day +1.05%, fully long again with an LABD hedge.

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