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https://boards.fool.com/hi-texmex-i-think-austin-hit-it-right-on-the-nose-34115220.aspx
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| Subject: Re: Mid-month update. What I've done and why | Date: 1/21/2019 3:59 PM | |
| Author: SaulR80683 | Number: 50724 of 58830 | |
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Hi Texmex, I think Austin hit it right on the nose in saying I pay almost no attention to valuations. Look, Alteryx revenue rose 59% last quarter, AND growth was accelerating !!! Twilio revenue rose 68% last quarter, and growth was accelerating too !!! Why would I care if old-school investors think they are over-valued by P/S ratios? You might take a look at post #43965... (How I Pick A Stock to Invest In). And if these companies didn't crater in December when everyone was screaming "Bear Market!" why are they "ready for a pull-back" now? I hope to hold them for long term unless something about the company changes, not try to guess entry points. Look, I bought Alteryx at about $27.50 a little over a year ago. Using your thinking I would have pulled out when it was at $38.50 three or four months later. After all it was up 40% in 3 or 4 months, and clearly "ready for a pull-back". (Now it's at $73.50, and that original investment is up 167% !!!) Best, Saul |
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