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No. of Recommendations: 8
MDB been flat for about 4 months since their big March post-ER pop.
Their P/S finally fell even or under AYX and ESTC. I added to MDB today.

I also added to NOW. They had a great ER, a more conservative P/S compared to most, and they are a true SaaS titan and I think they have a few years of 30%+ growth still left which will allow you to keep same P/S and get price appreciation more in line with growth.

I also added back a small amount of TWLO. Not as bad as MDB, but they have been more muted the past few months, and with at least 2 more Q's of big y/y gains to report, thanks to SEND acquisition, I think they have a couple pops left in them. They are on a short leash with me, as they are not a small cap anymore.

TTD is only back to Thursday prices, so not really a discount. Same with ESTC. Those are my two highest allocations, so I didn't bother adding more.

CRWD dipped quite a bit, but also ran up so much recently...so I held off. I sold out last week, figuring I could get back in later. I just think they, like with ZM, are too big in terms of market cap compared to TAM...too much of the future priced in.


I added some more to BZUN. The trade war makes this a fickle in/out trade for me, but since we are in middle of a truce and meetings this week, I am hopeful the stock trades on fundamentals. This is a China ADR, and not something Saul likes. Risky, fwiw.

A new stock on my watchlist was EXAS that was down double digits and has recovered...they just reported 90%+ growth. I don't know enough about them to understand why they are punished, as biotechs in not my strength.

Dreamer
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