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re: Crowdstrike CRWD

Posted on 7/31/24 at 7:42 pm to
Posted by GeauxTime9
Baton Rouge, La
Member since Dec 2010
6909 posts
Posted on 7/31/24 at 7:42 pm to
What’s the move here? Smart to buy in of it gets in the $100s?
Posted by beaverfever
Arkansas
Member since Jan 2008
35398 posts
Posted on 7/31/24 at 8:33 pm to
Price action feels bad. I’m holding and willing to buy more but it’s not fun right now.
Posted by jerryc436
Franklin
Member since Jan 2014
588 posts
Posted on 7/31/24 at 8:44 pm to
I sold half my shares at $380. Bought a couple shares at $360 but not sure how low this will go. Will buy back at some point but not sure when.
Posted by tigerbacon
Arkansas
Member since Aug 2010
4481 posts
Posted on 7/31/24 at 9:50 pm to
Delta alone says it cost them 500 million. This could bankrupt them
Posted by masoncj
Atlanta
Member since Jun 2023
599 posts
Posted on 7/31/24 at 10:51 pm to
My company resells CS software and we compete against them for incident response and forsenics professional services.

I know CEOs, CIO and CISOs that are extremely pissed at them and are not going to be renewing services

I wouldn’t touch this stock at least until the dust settles a couple of quarters out to determine what their customer churn and revenue numbers are coming in at

No one truly knows the long term repercussions of this include CS leadership
Posted by bayou2
New Orleans, LA
Member since Feb 2007
3728 posts
Posted on 8/1/24 at 4:28 pm to



quote:

lol the things crowstrick has been involved with is something you don't want to touch.


... and with this in mind,

Do you REALLY believe that this meltdown was cause by a "computer software update?


Uuuhhh. NO ...

Posted by Curb Your TDS
Member since Aug 2024
70 posts
Posted on 8/5/24 at 7:32 am to
quote:


What’s the move here? Smart to buy in of it gets in the $100s?


It is $197 right now
Posted by LSUcam7
FL
Member since Sep 2016
8850 posts
Posted on 8/6/24 at 11:54 am to
Posted by Neauxla
New Orleans
Member since Feb 2008
34028 posts
Posted on 11/21/24 at 10:40 am to
So what's everyone thinking now?
Posted by LSUcam7
FL
Member since Sep 2016
8850 posts
Posted on 11/21/24 at 10:43 am to
I completely fumbled this one and sold on news. Missed a big run.
Posted by Neauxla
New Orleans
Member since Feb 2008
34028 posts
Posted on 11/21/24 at 1:20 pm to
I bought at 270 before it completely bottomed out. I am not sure how high it can go so I’m thinking 380 or so when I sell
Posted by 632627
LA
Member since Dec 2011
14652 posts
Posted on 11/22/24 at 6:53 am to
I kept buying small amounts on the way down, really wish I’d bought more.

I’d love to sell to lock in gains, but tech/IT is the present and future. I’ll probably keep this as a long term hold.
Posted by StreamsOfWhiskey
The Woodlands, TX
Member since Jun 2013
829 posts
Posted on 11/22/24 at 6:25 pm to
I jumped back in at $245 after the sell off. Glad I did but wish I bought more.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/25/24 at 8:21 am to
quote:

Will buy back at some point but not sure when.


Did you?
Posted by cgrand
HAMMOND
Member since Oct 2009
46457 posts
Posted on 11/25/24 at 10:01 am to
an observational note...
SaaS stocks are pretty much flying right now
SNOW, CFLT, DDOG, NET, CRWD, ESTC etc

and many of them have very similar if not identical charts...a steep runup and equally steep decline from the highs 2021, steadily increasing revenues, and years long accumulation approaching well established support levels with thin air above those levels to the previous highs.
Posted by cgrand
HAMMOND
Member since Oct 2009
46457 posts
Posted on 11/25/24 at 10:53 am to
for example...CFLT has been trading in a sideways range below low 30's since july 2022. well established resistance there. if it breaks above and stays there (40+) there is nothing in the way all the way to 90.

nearly identical set up to DDOG
Posted by cgrand
HAMMOND
Member since Oct 2009
46457 posts
Posted on 11/25/24 at 12:26 pm to
also, money has POURED into the stock market since the election.
quote:

There has been a nearly unprecedented rush into stocks since the U.S. presidential election U.S. equity funds recorded $56 billion of inflows last week, the second largest sum **on record** going back to 2008
that money has been on the sidelines while a lot of the accumulation has occurred.

NVDA may be topped out for now (because of the high public interest) but theres HUGE gaps to make up in the AI sector down the ladder. i am going back to look at the former software runups and if they have anything to do with AI they are a prospect for higher prices
This post was edited on 11/25/24 at 12:28 pm
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