Needs to take a slight whooping before becoming a buygrizzle.com <- "When a great company isn't worth owning." Says it all really. Gonna wait and see like with Fastly. I'd like to enter in one of those ranges they had posted before today and double my money.
The guy who bought at $19.53 will eventually also get his, we can secure our tendies without being over the barrel as much.
8CF trade ideas
Does NET offer a hedge amid tech carnage?Since hitting the market NET saw euphoria, a sharp selloff and then a grind up on a day where most cloud and saas plays (ROKU, NFLX, SHOP) got crushed and the market bled tech. It's likely to revisit $18.50 or even $18 again amid volatility but early signs are that NET made a good choice when they hit the market at a lower multiple. I am playing this as a swing trade but very much like the product suite and will hold long if I can get a sub $18 entry.