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No. of Recommendations: 183
A little catch up!


1. My portfolio was up 15.1% last week.
2. It is up 45.0% from it’s low of June 16.

This is why I don’t try to time the market. Do you remember back in mid-June when all those trolls showed up telling us that SaaS stocks were finished and would drop another 50% and I was exhausted and frustrated by having to delete a half dozen posts, to sometimes a dozen, posts a day? It was an unpleasant and scary time


3. How did my stocks do from their lows to Friday’s close? Here they are (as of Aug 6) in order of results.

NET, from $38.96 to $74.24, up 90.6% !!!
MDB, from $213.4 to $356.8 up 67.2% !!
BILL, from $89.9 to $142.5 up 58.5% !!
SNOW from $110.3 to $165.53 up 50.1% !!
CRWD, from $130.0 to $191.2 up 47.1% !
MNDY, from $87.05 to $127.83 up 46.8% !
S, from $18.64 to $26.36 up 41.4%
DDOG, from $81.1 to $113.3 up 39.7%



This is why I don’t go into cash. Did I imagine that in seven weeks this was going to happen? No way. If I was in cash, would I have gotten back in at the bottom? (no way). Or would I have worried that it wasn’t the right time yet, and then suddenly the prices would have been up too much and I’d be afraid to get back in.


4. Cloudflare went from fourth place to first place in my portfolio on Friday, rising 27% in a day and 47.6% in a week. It’s now up almost 91% from its low in this contraction.

Did I know that this was going to happen? Not a chance! Just a week or two ago people were telling us how overpriced it was.


5. Datadog, everyone’s favorite, has risen the absolute least from its low, as you see above.

That’s why I’ve quit taking those 30% positions in my favorite companies. It’s never worked for me. My position in Datadog has varied in the past few months from about 17.5% to 19.5%. It’s now 17.4%.

Best, and I hope that this was helpful.

Saul
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