192.89 is where I bought 750 worth (I’m new to this and 20 so not rich by any means) and it’s currently at 233.30. Today’s high was 242.92 so far. Idk I think this stock as well as Cava (CAVA) Have great potential
Lawsuits could potentially pile up for years re: the outage that crippled a huge part of the world. Personally, I think going long is crazy right now... Maybe when it regains its 200d sma in a few months(?)
Lawsuits are definitely my biggest concern, but we'll have to see what they amount to. I've seen estimates of $5 billion in damages caused, but Crowdstrike's stock price has dropped closer to $50 billion in value so far
@@FinTek makes sense, but what $ of damage has occurred to the company's reputation; that's the real question. True value of the company doesn't matter for a LONG time if the reputation is ruined. In any case, it will be interesting to see how this plays out.
Its reputation would be ruined if it was a security issue. It wasn’t a security lapse and there is no other company with their reputation for security. Buy the dip.
I opened a small position today in the $230s. The language in the contracts protects them from law suits. The companies that suffered the outages really don’t have a better end-user security option. And leaving to another company is expensive. Time-consuming. Tedious. The outage is preventable and the policy change has already been made. I think 9/4 earnings will tally up the damage. I’m expecting a fall to the $170s. If they retain 60-70% of the affected customer base, I’d keep collecting. I’m sure Delta is leaving 😂
Idk if I’d call $392 to $215 over a couple weeks a pull back? But it’s getting there to looking attractive. Would keep positions very small to much unknown and hasn’t bottomed.
Delta hasn’t sued anyone yet. They hired a lawyer to find a loophole in the CRWD contract to see if they can sue them. The $500 million is the money potentially lost. If Delta CAN sue, they’d go for much more. Lost revenue, overtime paid, employee pain and suffering, reputation damage, customers suing them, etc. $500 million is not going to be the problem.
The bigger problem is too much redundancy built into the system. Part of the problem is Microsoft. They have to take part of the blame if not most of it.
Already Delta Sued CROWD today for 500 millons maybe the first of many , it coul still drop 30% , buying now is just fair value if this incident wouldn't happen but it happen so this company value should be alot less $165
I think its a question if the lawsuits will have a big effect. And if future customers and current customers will switch to another provider. This IT problem will 110% make them test everything before pushing new updates next time.
Probably not a big effect, since their liability is limited. Everything I see indicates the product is superior, so where do others run? This will make them a better company.
@@Phineas1626 Yes agree. Their product is superior in the sector. But this crash hurts credibility and trust. And if current costumers somehow not see Crowdstrike as attractive anymore we could maybe assume forward growth will fall from around an EPS growth of 35% to maybe 30%. And that is huge with the still pretty high valuation of Crowdstrike, but around these levels it should be a scoop. Agree. What are you doing? Im considering starting 1/3 of a position here. But as an fundamental and technical stock picker just buying the falling knife is a dangerous game.
@@chrisja1998 I think that their handling of it will dictate the extent of the damage to their credibility. It was a really really stupid mistake, no question. But they seem serious about it. Not at all like when AT&T stumbles and management makes jokes. Personally I don’t usually buy stocks, just options. I like your idea of starting a position here, especially after another drop today. I think $250 would have been a good place to start buying, so naturally if I like it at $250, I like it at $220 even more. I don’t think it would take much to get the stock back around $300. One thing that I do find curious is that it had dropped a bit the few days before 7/19. I’m not sure if there was any specific catalyst. The more I see, Delta had a really bad response to the situation. If they really did rebuff Crowdstrike’s efforts to assist, they have a LOT of explaining to do. I wish you well if you do jump in. I think they will come out of this better than okay and you’ll laugh that this gave you a shot at getting it on sale.
@@chrisja1998I hope you went ahead and took a position and are enjoying getting in at a terrific discount. The company really managed this well thus far and it looks more and more like Delta did the opposite. I’m out of my options now, but I may return if I see a worthwhile situation. Good luck with this if you hold it long term.
@@uropy nah man i sold. It has already fallen down more than 100 bucks since the outage. I would rather stop more loss and buy the dip once this is all settled. Genuinely thanks for your advice tho.
I saw your video , i thought i am gonna buy it, but then i thought lawsuits, I said no way and today dropped more, but i think you re right at the long run, the key or the secret is to buy at a good price, and it can drop more....
Cybersecurity pure play with clear competitors trading at a huge premium that is clearly going to suffer monetary and reputational damage as a result of this that could play out over years…..I don’t blame anyone for selling lol
There's a chance, but that damage is only estimated at $5.4 billion. The current stock price drop is closer to $50 billion, indicating the market is either a) overcorrecting or b) thinks the hit to Crowdstrike's trust is worth much more than the actual damages
Did you buy the dip, or do you have a different pick for your top cybersecurity stock?
Nope. Not into irrational exuberance.
3x in 6 years? The company’s fundamentals could do that and still have a lower share price in three years. Price matters when buying.🤷🏼♂️
Got in at $215-$220 range this week. I don't see it going below $180. Will buy more on dips.
@@WalknTalkVlogsI think your right
Expansive stock. Buy fortinet instead.
It dropped another 10% today. Also I don’t think it would be a good choice to invest into a company that could possibly be sued very soon.
To be fair, I don’t see it dropping more than an additional 70%
And that’s why you’ll always be broke
They will be sued. Let's wait until the mess is close to over and expected great performance begins to resume.
@@corymeyer3602 Risk management automatically means that you're broke?? Weird...
@@Vayanovic This would mean?
So do I wait for it to drop or buy stocks now?
I hope it will go down below $140!
192.89 is where I bought 750 worth (I’m new to this and 20 so not rich by any means) and it’s currently at 233.30. Today’s high was 242.92 so far. Idk I think this stock as well as Cava (CAVA) Have great potential
Lawsuits could potentially pile up for years re: the outage that crippled a huge part of the world. Personally, I think going long is crazy right now... Maybe when it regains its 200d sma in a few months(?)
Lawsuits are definitely my biggest concern, but we'll have to see what they amount to. I've seen estimates of $5 billion in damages caused, but Crowdstrike's stock price has dropped closer to $50 billion in value so far
@@FinTek makes sense, but what $ of damage has occurred to the company's reputation; that's the real question. True value of the company doesn't matter for a LONG time if the reputation is ruined. In any case, it will be interesting to see how this plays out.
Its reputation would be ruined if it was a security issue. It wasn’t a security lapse and there is no other company with their reputation for security. Buy the dip.
I opened a small position today in the $230s.
The language in the contracts protects them from law suits. The companies that suffered the outages really don’t have a better end-user security option. And leaving to another company is expensive. Time-consuming. Tedious.
The outage is preventable and the policy change has already been made. I think 9/4 earnings will tally up the damage. I’m expecting a fall to the $170s. If they retain 60-70% of the affected customer base, I’d keep collecting. I’m sure Delta is leaving 😂
Not sure there's anywhere else for them to go. It's a weird issue, could have people next year wishing they got in at some point around here.
Any lawsuit payout would prob be a year away at least, they'll be twice the size, historically.
Idk if I’d call $392 to $215 over a couple weeks a pull back? But it’s getting there to looking attractive. Would keep positions very small to much unknown and hasn’t bottomed.
It’s still going to fall as more lawsuits pop up. Not the bottom.
do you know how to invest long term? research the phrase, dollar cost averaging.. might help you
Delta hasn’t sued anyone yet. They hired a lawyer to find a loophole in the CRWD contract to see if they can sue them. The $500 million is the money potentially lost. If Delta CAN sue, they’d go for much more. Lost revenue, overtime paid, employee pain and suffering, reputation damage, customers suing them, etc. $500 million is not going to be the problem.
even if they get sued, doesn't mean squat to Crowdstrike's future long term...
Why would anyone buy overvalued $CRWD when cheaper competitors like $PANW/$FTNT/$QLYS are available that are doing the same?
Good luck! Go allin
The bigger problem is too much redundancy built into the system. Part of the problem is Microsoft. They have to take part of the blame if not most of it.
Finally someone with some sensibility!!!!
Still expensive even for its projected growth
CRWD I have bought many
انهيار السهم لن يتوقف
what about cyclicla apparel & footwear wave when would be that?
i will start below 200. see u soon 🎉
Maybe wait for the coming lawsuits in the near future. I can see another big price reduction, say 30%?
Already Delta Sued CROWD today for 500 millons maybe the first of many , it coul still drop 30% , buying now is just fair value if this incident wouldn't happen but it happen so this company value should be alot less $165
Is there another cyber security company in the wait to jump in? If not I'll buy the dip but not otherwise.
$PANW/$FTNT/$QLYS
I think your saying this because you had quite a position in CrowdStrike before the crash...
I agree … that’s exactly what I thought when I saw his posts left and right about buying CROWD
Something tells me you don't know what the hell you're talking about....
@@homae.3208 you too, Something tells me you don't know what the hell you're talking about....
I think its a question if the lawsuits will have a big effect. And if future customers and current customers will switch to another provider.
This IT problem will 110% make them test everything before pushing new updates next time.
Probably not a big effect, since their liability is limited. Everything I see indicates the product is superior, so where do others run? This will make them a better company.
@@Phineas1626 Yes agree. Their product is superior in the sector. But this crash hurts credibility and trust. And if current costumers somehow not see Crowdstrike as attractive anymore we could maybe assume forward growth will fall from around an EPS growth of 35% to maybe 30%. And that is huge with the still pretty high valuation of Crowdstrike, but around these levels it should be a scoop. Agree.
What are you doing?
Im considering starting 1/3 of a position here. But as an fundamental and technical stock picker just buying the falling knife is a dangerous game.
@@chrisja1998 I think that their handling of it will dictate the extent of the damage to their credibility. It was a really really stupid mistake, no question. But they seem serious about it. Not at all like when AT&T stumbles and management makes jokes.
Personally I don’t usually buy stocks, just options. I like your idea of starting a position here, especially after another drop today. I think $250 would have been a good place to start buying, so naturally if I like it at $250, I like it at $220 even more. I don’t think it would take much to get the stock back around $300. One thing that I do find curious is that it had dropped a bit the few days before 7/19. I’m not sure if there was any specific catalyst.
The more I see, Delta had a really bad response to the situation. If they really did rebuff Crowdstrike’s efforts to assist, they have a LOT of explaining to do.
I wish you well if you do jump in. I think they will come out of this better than okay and you’ll laugh that this gave you a shot at getting it on sale.
@@chrisja1998I hope you went ahead and took a position and are enjoying getting in at a terrific discount. The company really managed this well thus far and it looks more and more like Delta did the opposite. I’m out of my options now, but I may return if I see a worthwhile situation. Good luck with this if you hold it long term.
Incoming lawsuits will destroy the stock. Need to wait at least till the stock price settles. This thing hasn’t even settled yet.
so should i sell my stock right now to minimize damage and then buy it again when it's cheaper?
@JohnMarston-lo5qk
Hard to tell. If I were you I would hold.
@@uropy nah man i sold. It has already fallen down more than 100 bucks since the outage. I would rather stop more loss and buy the dip once this is all settled. Genuinely thanks for your advice tho.
Wrong. Delta likely won’t even sue. What will matter is how they reach out to show how seriously they take their misstep.
I have a long time horizon (10-20 years) and I'm eating up this sell off as much as possible to get more concentrated positions in tech
CRWD will get replaced by zero trust.
gd luck catching a falling knife. I sold all of mine and never looked back
and that's why you'll always be poor..
Will accumulate when it drops below 225
Turbo is about to take charge
How did he get around his non compete from macafee
love the video bro. awesome content!
Great video.
Bagholder spotted
and i see a guy who's going to be broke forever....
why didnt u talk about lawsuit which happenned yesterday??????????????????????????????????????????????????????????????????????????????/
I saw your video , i thought i am gonna buy it, but then i thought lawsuits, I said no way and today dropped more, but i think you re right at the long run, the key or the secret is to buy at a good price, and it can drop more....
Agreed, this is a very risky stock in the short-term
Ni k gan doooo !!
Your reasoning is speculative , liabilities are going to pile on . I think it will drop another 20% . PE is still in its 60
Dude, great video... So many clueless clowns in the comments.... You can't help stupid sometimes.. Sheesh
Keep up the great work sir.
I appreciate it!
Cybersecurity pure play with clear competitors trading at a huge premium that is clearly going to suffer monetary and reputational damage as a result of this that could play out over years…..I don’t blame anyone for selling lol
Is a risky investment. There are plenty of good endpoint protection alternative, its moat is not that strong.
Perfect time to accumulate 👌🏽
Still one of the most expensive stocks on the market
@@SigFigNewtonno it’s not lol
This was a really well done video, thank you! I’m buying the dip with you.
Nice video. Thank you.
Glad you liked it!
Lawsuits already started. Risky investment. But the need for cyber isn’t going away
Will they have to pay for the damages they caused?
There's a chance, but that damage is only estimated at $5.4 billion.
The current stock price drop is closer to $50 billion, indicating the market is either a) overcorrecting or b) thinks the hit to Crowdstrike's trust is worth much more than the actual damages