I think the facts say it all. Technicals = SELL, but the analysts say BUY. We are now looking at Oracle around 1986 or Microsoft around 1990. Snowflake is in an amazing position with almost zero competition (a small Israeli start-up is just small fry). Only Google has the technical chops to compete but they are losing the battle from a business perspective. Snowflake is unstoppable (or soon will be), and this is a HUGE buying opportunity.
I've been buying on the way down, having (yes, admittedly by accident) selling in December at the top of the market (for personal reasons). I'd planned to sell Snowflake and distribute the risk across the market - thank goodness I didn't. The rest of the market is all over the place - but Snowflake is an excellent long term bet.
Buy now or regret it in 12 months time.
turolin
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@CryptoFundManager, great TA again! I agree with you. My buy zone is 160$-170$, but let see... SNOW is very good company and I think Buffet don't think for selling now SNOW....he is more likely to buy more.. we have a time to May this year. What you think?
gobengals
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@turolin I agree. For instance, their 2 biggest competitors(AWS and Azure) aren’t even publicly held in the same sense they are. So what should the multiple be? They’re great competitors but would you rather have the independent company or the cash cow of the Mega cap?
turolin
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@gobengals, We think the same, I prefer to take independent company :-) Keep you cash a little more and be ready for "shooting" ;-)
I've been buying on the way down, having (yes, admittedly by accident) selling in December at the top of the market (for personal reasons). I'd planned to sell Snowflake and distribute the risk across the market - thank goodness I didn't. The rest of the market is all over the place - but Snowflake is an excellent long term bet.
Buy now or regret it in 12 months time.