Could you share your portfolio on jika.io or etoro so we can follow you live? I hold Crowdstrike since Dec 2021, I'm still very optimistic about it for 2023. Hope you don't sell <3
I appreciate the ask. I'm familiar with those sites and was recently approached by a site called Follow trying to do something similar. The difficulty is I either need to 1) link my current accounts to their platform while allowing buy/sell privileges (which I am not comfortable doing) or 2) set up a new account on that platform I'd need to fund and manage separately to mirror our current holdings.
The catch for you is these sites want to charge a subscription fee for those who want to follow along. I'm grateful for the current group here at Substack and don't want to run another subscription tier.
That being said, I'm always open to answering questions including current holdings. As it stands now, I haven't done anything at all with CRWD from my last update (with the caveat, of course, I can't tell anyone what to do with shares they might own). I hope that helps, and thanks for the support.
Ya I liked that site because it's free for everyone and there actually isn't any but/sell options there. But I understand it. If you happen to share your portfolio anytime I'd love to know. Subscribed :)
We are on the same page here. I have bought small amounts this year for what is probably a $170 cost basis overall. But every single chart I see has SNOW as not just an outlier but an outside-the-solar-system outlier. If 2022 has taught me anything it is that these high multiplier companies get hit harder than any of the others do. But when Saul, Gaucho, Poleeko, and Muji all have this fat positions I just wonder what I'm missing. In spite of thatI think I'll stay at 5.5% for the time being. Thanks Joe.
Sure. For better or for worse, I've always thought it overpriced compared to other options. While I know these companies carry high multiples, SNOW has been an outlier even in that regard. And that's still true today. I read somewhere that SNOW has over 3X'd revenue since coming public yet the shares are down ~40% (from $240-ish IPO to today's $143). That matches my rough numbers.
As it stands, I didn't buy our first shares until it lapped all the way back below $160. Our most recent were at $123.75 after earnings. Our total basis is around $133.50. I don't have a problem taking my time building this one up. SNOW has only guided for 47% growth, so it's not like it's lapping the field in that category anymore. Yet it's still the most expensive. The risk, of course, is whether that means less upside is available from the shares. I can't argue it's not a 15%-20% BUSINESS. I'm just not comfortable with that big an allocation in a multiple with the best chance to drift sideways or down compared to others. I feel like 5-10% is better for me right now.
Could you share your portfolio on jika.io or etoro so we can follow you live? I hold Crowdstrike since Dec 2021, I'm still very optimistic about it for 2023. Hope you don't sell <3
Hi Ofir -
I appreciate the ask. I'm familiar with those sites and was recently approached by a site called Follow trying to do something similar. The difficulty is I either need to 1) link my current accounts to their platform while allowing buy/sell privileges (which I am not comfortable doing) or 2) set up a new account on that platform I'd need to fund and manage separately to mirror our current holdings.
The catch for you is these sites want to charge a subscription fee for those who want to follow along. I'm grateful for the current group here at Substack and don't want to run another subscription tier.
That being said, I'm always open to answering questions including current holdings. As it stands now, I haven't done anything at all with CRWD from my last update (with the caveat, of course, I can't tell anyone what to do with shares they might own). I hope that helps, and thanks for the support.
Joe
Ya I liked that site because it's free for everyone and there actually isn't any but/sell options there. But I understand it. If you happen to share your portfolio anytime I'd love to know. Subscribed :)
We are on the same page here. I have bought small amounts this year for what is probably a $170 cost basis overall. But every single chart I see has SNOW as not just an outlier but an outside-the-solar-system outlier. If 2022 has taught me anything it is that these high multiplier companies get hit harder than any of the others do. But when Saul, Gaucho, Poleeko, and Muji all have this fat positions I just wonder what I'm missing. In spite of thatI think I'll stay at 5.5% for the time being. Thanks Joe.
Joe, many of the folks I follow are really big on Snowflake...allocations of 15-20%. You are less so. Can you tell me why?
Sure. For better or for worse, I've always thought it overpriced compared to other options. While I know these companies carry high multiples, SNOW has been an outlier even in that regard. And that's still true today. I read somewhere that SNOW has over 3X'd revenue since coming public yet the shares are down ~40% (from $240-ish IPO to today's $143). That matches my rough numbers.
As it stands, I didn't buy our first shares until it lapped all the way back below $160. Our most recent were at $123.75 after earnings. Our total basis is around $133.50. I don't have a problem taking my time building this one up. SNOW has only guided for 47% growth, so it's not like it's lapping the field in that category anymore. Yet it's still the most expensive. The risk, of course, is whether that means less upside is available from the shares. I can't argue it's not a 15%-20% BUSINESS. I'm just not comfortable with that big an allocation in a multiple with the best chance to drift sideways or down compared to others. I feel like 5-10% is better for me right now.
Happy to hear other thoughts on it...
Happy New Year to you and your loved ones. May 2023 bring better days to all our portfolios.
I am down 62% on the year. Seeing that our performance is similar give sme hope! Take care.
There's no sugarcoating it. Tough year all the way around. Hope you're having a good holiday.
Joe