No. of Recommendations: 50
- Worldwide Cloud Services will grow 17.3% in 2019

- Fastest Growing Segment will be IaaS; to grow 27.6% in 2019

Great reminders, HCM. As always, we need to remember the fundamental drivers of success. Our stocks can move, a LOT, with momentum. Up or down. But as long as the companies continue doing what they're doing -- gaining customers and revenue, advancing toward profitability, etc -- in the long run they'll move up by the amounts that their businesses grow. Many of my favorites have around $300m in TTM sales, and plan on having $1 billion run rate in just a few years. That's the kind of thing I want to be involved in.

I am basically fully invested again. Cash position is down to 2%. Here are my current holdings:

SMAR 13.9%
MDB 13.6%
TWLO 13.1%
ESTC 11.1%
AYX 10.8%
TTD 7.3%
ZS 6.8%
CRWD 6.2%
PINS 5.4%
DDOG 3.8%

Already in October, I've added a little to SMAR and ESTC and CRWD, and a ton to AYX, TTD, PINS, and DDOG.

I sold OKTA. With everything else so cheap right now, I can't pay the premium for OKTA.

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