No. of Recommendations: 3
I sold ESTC in mid-November at somewhere around $74-75, give or take, and only partially due to some of the doubts being cast the company's way by some of the folks I respect. The stock had seemingly treaded water for a long, long while which also represented doubts on the part of the market in general which weighted heavyly on me - all hearsay opinions of some significance in my humble opinion of course.

After their earnings report this evening I have re-opened a small 1/3 test flight position at $67+. I intend to add over the next day or so if the market cooperates.

I thought the report was, to a moderate degree, substantially beyond Fair to Middling and represented, rather prominently, although not with definitive certainty, relative proof that the stock has some staying power and potential long term traction. While there is ongoing chatter about losses widening in the coming QTR - and what those losses might mean or represent - I am not sure how you can adjudicate any qualitative inference, one way or the other, without regard for the stage of Land and Expand in which the company is currently and solidly in.

Happy Holidays
....And....
All the Best,
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.