It usually happens every time tech moves to the next generation. I think existing companies only visualize new versions of their existing product. They don’t visualize an entirely new architecture. It’s why investing in tech takes more research, but there’s more opportunities to find 10x stocks.
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Buying at ATH?
Elastic N.V.: Pricey, But Still Attractive
I believe that there remains an upside in Elastic stock based on secular tailwinds, coupled with a very focused company strategy. Hence, Monness, Crespi, Hardt & Co.'s price target of $140 seems to be achievable in the next 12 months.
Been following this one for the past week. Looking for a good entry. Seems very volatile. What do you think is a good range to start wading in?
I’ve personally used Grafana for various projects. If you’re into cost saving mode, sure you can use it but it’s a very subpar product. I should say DDOG is fairly expensive to use in general but it’s like a drug. Once you’re in it, you can’t get out.
ESTC, I’ve used the initial open source project for a long time for many things. Great product! I actually don’t understand their business model as you can just use their open source or AWS version or other version at scale easily. They have various product offering based on same search index platform but they are trying to use it as both search index, monitoring, security, etc. I personally need to study their business model more before i dive in. I’m not a big fan of open source saas business model.
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For buy n hold, I usually just buy and keep averaging in.
If use TA, is overbought. Possibly would decline to $110 - guessing 
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I didn’t do a full position. It’s 1/3 of what I want to have. Have to start a position at some point or you’re just holding cash.
Anyone own or know about NIO at all? I’ve been buying at low few months back and all of a sudden it’s become my largest holding after the gains. It’s too speculative IMO but seems like it’s got ways to go.
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Like TSLA, this is buy at dip and hold…small company list.
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It reminds me of when Uber ditched TWLO for its own messaging tech. 30% drop when it’s 12% of revenue is a massive over reaction. I’m buying more.
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It may be further down tomorrow, It is right time to start accumulating FSLY stock, 30% dip is a sharp drop.
Touching sma50 is a normal buy, touching sma200 is good buy, below SMA200 is a great buy when companies are making profit/revenue(and good forward looking future).
30% drop only takes you to 3-week low. Not much of a drop really.
After market is not 100% reliable, but will be decided by normal market conditions tomorrow. My guess is stock is dropping vertically 30% and matching SMA50 range after drop.
If the price drop is related to forecast Q3 from 75M to 70M, the 30% drop is too much.
Still market (real market tomorrow) may drop further. If the company is fundamentally good one, start buying at 30% is a good chance to get in. If further drop is there, DCA is best choice for every 10% drop.
I am still blindly trying to buy FSLY at least a small portion.
Also, how would you compare Splunk vs Elastic? Isn’t Splunk the standard bearer in this space?
I do not know and I was also confused what way market go, but guessing tomorrow also a dip day.
I expected yesterday drop, but not even expected today deep dip, skeptical how many days market continues to drop like this.
Market is wavering due to elections and new government (futures).
I am 100% confused with current situation.
I was thinking of selling FSLY today but didn’t because not many shares and not focusing on it - was casually looking at the daily chart - bearish gravestone follows by bearish engulfing, should have sold. Anyhoo, my avg purchase price is below the AH price, add on open or wait to add?
Didn’t read my linked article? Only partially overlap.
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No. Care to post it again? I know it’s partially overlap but the overlapping part is the part that prints money.
I think Splunk used by legacy corporations and elastic more for hands on tech startups. I haven’t used Splunk in a long time though so my knowledge is limited.
Funny that I asked about this today. We are well under $110.
Still thinking about PTON.