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My error on Alteryx.

Well, as I told you, I sold all I could without committing to large taxes on the shares that I had originally bought at $27 or $28 and were now at $178. (I did cut my position from a maximum of 22% to 23% or so, down to 6%, so I wasn’t all bad!)

I felt that the headwind they were facing was exaggerated and that they were being cautious, and in shell-shock, and that they would end up at double their midpoint prediction and have revenue up 28% instead of 14% (which would still have been very weak for a company that was at 75% two quarters ago).

Well I was wrong, apparently, although that’s in retrospect. I would have been much better off if I had sold out, reinvested the money now in companies like DataDog and Crowd and Zoom and maybe even in Fastly and Cloudflare, and just paid the taxes in April. That’s what was really stupid of me! If I had done that I probably would have been able to grow the money enough to pay the taxes out of what I had gained in the next eight months, and even had plenty of gains left over.

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