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No. of Recommendations: 93
It was common sense, not herd mentality.

And for proof, those of us who sold Fastly immediately at $90.50 (I was able to sell part at $95 in the aftermarket, but most sold at about $89.50), and bought Cloudflare at $56.50, are currently [$70.80] up a little over $25% on their Cloudflare. Those who hung on to their Fastly are currently [$74.00], even after a little dead-cat bounce, still down 18% from where we sold, and down 51% (more than half) from its all time high.

Thus those who held on in the face of overwhelming evidence lost not only by the continuing descent of Fastly, but suffered the opportunity cost, the ability to use the cash to invest in a stock going up. The difference is HUGE! They have 82% of what they would have had if they sold then. We have 125% of the money we reinvested in Cloudflare. That means that we have 52% more in just a couple of weeks!!!

[125 divided by 82 is 1.52, meaning that those who sold and reinvested have 52% more current value!]

Common sense, and getting out when the story massively changes, wins out over falling in love with the company, and holding on and hoping for a comeback.

Saul
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