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re: Software Stocks Plunge

Posted on 5/31/26 at 7:04 pm to
Posted by YungBuck
Mandeville
Member since Dec 2017
3276 posts
Posted on 5/31/26 at 7:04 pm to
NOW up 10% overnight
Posted by LSUSports247
Member since Apr 2007
1099 posts
Posted on 5/31/26 at 9:47 pm to
10% green at open will make for a good Monday morning!
Posted by bayoubengals88
LA
Member since Sep 2007
25130 posts
Posted on 6/1/26 at 6:10 am to
quote:

bought five FIVN $30 calls for January.
FIVN has a lot of room to run.

Will be at $30, $40 before we know it.
Posted by bayoubengals88
LA
Member since Sep 2007
25130 posts
Posted on 6/1/26 at 6:20 am to
ASAN is catching a huge bid.
It was left for dead, but has seen fantastic growth due to AI products, and with 88% gross margins…

I’m looking at $10 calls
Edit:
Forward P/E of 16
PEG of .55
Holy smokes, I may go bigger.
This post was edited on 6/1/26 at 6:25 am
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/1/26 at 3:45 pm to
+10% day
what in the world
Posted by LSUSports247
Member since Apr 2007
1099 posts
Posted on 6/1/26 at 3:59 pm to
Does software keep running? I’m thinking about trimming some NOW, it’s my largest position currently ~32% of my brokerage account. I was down -30% about two weeks ago, now +6%
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/1/26 at 4:06 pm to
i sold enough DOCN when it hit 60 to cover my initial investment (ie: to get back to even). its gone up another $100+ per share since then.

was that the right move?
maybe maybe not. but it was the move i thought was prudent at the time
Posted by Odinson
Asgard
Member since Apr 2014
2881 posts
Posted on 6/1/26 at 5:17 pm to
I actually loaded up on more NOW today. It’s been beaten down on thoughts that AI would hurt their business but Jensen reiterated their nvidia partnership recently and further the developing angentic AI business. NOW services 90% of the Fortune 500 companies and chart looks primed to climb further.
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/1/26 at 6:02 pm to
VITAX went over 500 today, it has made a new ATH every day for a week of trading sessions. that is insane
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/2/26 at 7:50 pm to
SHOP announced today they’ve authorized up to $5B in stock buybacks (added $3B to the previously authorized plan). That seems consequential

the stock is trading in the 100-120 range down from highs at 180 a short time ago. As a shareholder I appreciate the reverse dilution. Whether SHOP management knows something we don’t remains to be seen. That they feel comfortable using that cash (and once spent you can’t get it back) to buy back stock should be bullish
Posted by Sho Nuff
Oahu
Member since Feb 2009
14078 posts
Posted on 6/3/26 at 4:27 am to
I need SHOP to run again. I'm still +250% but I was a lot more than that.
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/3/26 at 7:41 am to
SHOP will determine whether or not I ever have to work again
Posted by Sho Nuff
Oahu
Member since Feb 2009
14078 posts
Posted on 6/3/26 at 7:56 am to
i don't have that much. A nice stake, but not 6 figs. Now AAPL on the other hand, that might determine for me as I have a lot of shares. I feel pretty confident though
Posted by LSUSports247
Member since Apr 2007
1099 posts
Posted on 6/4/26 at 9:09 am to
Software waking up again. Hopefully NOW can push higher 150+ let’s go!

HIMS running too, maybe peptide news coming? I have a decent amount of this too. Might trim In the 30’s.
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/4/26 at 9:45 am to
nice recovery after yesterday and this morning. I bought some more ZETA at the open. DOCN at new ATH again. Bring it on
Posted by skewbs
Member since Apr 2008
2222 posts
Posted on 6/9/26 at 7:34 pm to
Are y’all bullish on NOW? Started a small position today with 30 shares at 103.80/share. Plan to buy more if it drifts lower in the coming days towards the 52 week low.

Software stocks I currently own are CRM, ADBE, and NOW.
Posted by LSUcam7
FL
Member since Sep 2016
8981 posts
Posted on 6/11/26 at 3:18 pm to
Loading Twitter/X Embed...
If tweet fails to load, click here.


ADBE down 5.5% on immediate reaction

Wild.
Posted by LSUSports247
Member since Apr 2007
1099 posts
Posted on 6/11/26 at 4:29 pm to
I trimmed about 1/3 of my shares at a loss to buy more OUST and DRAM. I also needed to offset some gains this quarter to hopefully avoid estimated tax penalties.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3870 posts
Posted on 6/11/26 at 6:36 pm to
It’s hard to double down on Adobe again, but I feel like I have to. It’s just math at this point, that’s it
Posted by cgrand
HAMMOND
Member since Oct 2009
49494 posts
Posted on 6/11/26 at 8:52 pm to
the issue with ADBE is they are trying to spackle over their legacy software with AI and that software is not native to it. It is obsolete. Same with salesforce. They have longstanding big number contracts with market leaders thus the good revenue numbers but the writing is on the wall, in my opinion
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