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Advise on selling some of my holdings - GOOGL, META, INTU, CRM
IRS Will Pilot Free Direct File Program For 2024 Tax Season For Taxpayers In Some States
If you're holding (INTU) Intuit, how concerned are you that TurboTax always seems to be in the crosshairs?
What stocks should we care about that report earnings this week?
Loss Porn: Dangers of Antidepressants and a gambling addiction
$INTU going to the moon on news that FTX uses Quickbooks
How to Become a Millionaire - Earnings Week of 5/23
Check out TurboTax comments on Facebook then check out INTU 🌈🐻
Did I miss something? BILL was up 30% This Friday is up 1,000% from 20s to near 300 in 18 months? Any opinions? 27 Billion dollar company?
The Most Optimistic Stocks covered in the news over a mid week period (8/22-8/25)
Buying Square stock is like buying JP Morgan in 1871: analyst
A lot of new investors in 2021, how to capitalize besides INTU
An earnings gamble with low IV and high historical movement: $HRB is going to kill it
Mentions
All the semi stocks are at extreme multiples. Only exception is QCOM. Everything is expensive. CAT has a 44 PE. The only reasonable sector is probably software. I’ve been DCAing into INTU and MSFT.
Also check out ZS. I have mixed feelings about some of those, but INTU is a long winner no matter what. They have had a million tax startups try to compete over the last two decades. If anything, AI may let them reduce headcount and increase profitability.
Invest in INTU when the tax season is over 😆
Just imagine a 1-2% drop on the following day, might ended up 30% or more drop for the industry after this earning call SAAS EARNINGS CALENDAR - Q1/Q2 2026 -------------------------------------------------- COMPANY TICKER EARNINGS DATE (2026) -------------------------------------------------- ServiceNow NOW April 22 (Reported) Microsoft MSFT April 29 Atlassian TEAM April 30 Twilio TWLO April 30 Palantir PLTR May 4 (Estimated) Datadog DDOG May 7 Cloudflare NET May 7 HubSpot HUBS May 7 monday.com MNDY May 11 Palo Alto Networks PANW May 19 Snowflake SNOW May 20 (Estimated) Zoom ZM May 20 (Estimated) Workday WDAY May 21 Intuit INTU May 21 Okta OKTA May 26 (Estimated) Salesforce CRM May 27 (Estimated) Zscaler ZS May 28 CrowdStrike CRWD June 2 (Estimated) Adobe ADBE June 11 --------------------------------------------------
Shift to INTU. QuickBooks’s is not easily replaced by AI.
Dang what’s going on with INTU?
Yes it does. If turbo tax does something negligent, they can be held liable. They can't be held liable by you making mistakes / lying. But thats not what is being discussed. Claude can & will make mistakes and can not be held liable. The standard is not the same for INTU
The real INTU bull case was never the software, it was the behavioral moat — people are terrified of the IRS and will pay $200 to not think about it. Claude doesn't fix that fear, it just proves the fear was never rational. The question is how many retail filers figure that out before INTU's next earnings call.
Continued INTU Shrek cocks plz
Calls on HOOD. Puts on INTU. Just finished my taxes on HOOD for free. 14 minutes to spare
I'd like to put in a request for MSFT to continue it's pump, INTU to have a giant Shrek cock on this tax day, and the bitcorn to go to 79k. THANK YOU FOR YOUR ATTENTION TO THIS MATTER
I will follow you on INTU. I am sorry you have to be in Canada.
https://preview.redd.it/aecxi57fb8vg1.png?width=2420&format=png&auto=webp&s=eaf15788ec9d5f509863d040b931dcf4a3044c56 SHORT INTU and HRB. [https://github.com/selftax/selftax](https://github.com/selftax/selftax)
short INTU and HRB. [https://github.com/selftax/selftax](https://github.com/selftax/selftax)
CRM and INTU literally have the same price mooment in the past 2 months. wtf.
If we're gonna pump like retards cannot at least be INTU that pumps?
Microsoft is a monster but it is already priced like one. INTU is a pure play on small business accounting and taxes with way more upside from these levels. You can own both but right now Intuit looks like the cheaper growth story.
lol what is happening to software stocks . INTU was making new highs only months ago
Yet the hedge funds are fucking up individual retail investors lives shorting indiscriminately off the back of this narrative they’ve invented. INTU, NOW, ADP, TEAM, and so many others have been trashed. I have lost 2/3 of what I had invested in ACN (IT Services, similar story) because of them. I hope they burn in hell, they’ve ruined my life
IGV Still trades at 32x earnings, still a lot of growth priced in. ADBE/CRM/NOW/INTU are lousy companies with lousy products.
CRM, NOW, ADSK, INTU, ZS, WDAY and IGV all at or below 52w Lows.
I can't speak to the others but INTU is a melting ice cube. I dumped all our rev and exp transactions from 2025 (many 1000s) into claude and asked for a P and L and it did it in just a few min. As a person with an accounting degree and almost 30 years running a family business I can tell you the current version of AI is almost enough to fire ones book keeper if you have no idea what you are doing and more then enough if you have any accounting experience. Its just a matter of time before full accounting and tax prep with be a few clicks away using AI. Ad to that intu is a super annoying comapny but thats a personal take
I don’t know if that’s me. But I’m short INTU and have been all year. Crazy how it just keeps paying
That INTU short guy is definitely on to something
I did some technical analysis the other day and the selling between AXON and INTU is perfect. Good correlations with CRWD S and some others too. It's obviously the same whale pushing them all down. Some massive bank is offloading some crazy amount of shares.
Good, INTU sucks. I hate them but have used them for a while since it’s easy. I hate paying money to pay my taxes
there are literally free tax software out there. And somehow $INTU makes money? So how does AI doing taxes for you (not even free), kill $INTU?
What yall think about INTU?
INTU tanked 7% today to 363! You moved the needle! Its cooked, I agree. How do I get Claude? Is it safe? Ill give Claude my 50 bucks.
Sold some covered calls on NBIS, MRVL, VRT, INTC to raise cash as they all hit 52-week highs. Then bought AXON and INTU with **some** of that cash. Maybe a dumb decision but both are great companies at attractive valuations being sold due to AI software panic. I bought INTC when it was selling for $23 and now it is > $61. Rest of the cash from covered calls will come in handy next week if the market dips
Credit Karma & Mailchimp might be worth a look as well as part of any DD on $INTU
Surprising amount of cope in this thread. OP this is the most spot on and accurate DD I've seen in a while. INTU won't go to zero, but so much of it will be written off. Can't wait to revisit this thread in a year.
How much further can INTU go down tho? Seems like it’s been steady free fall
INTU definitely deserves a crash due to AI adoption. Their bad product is so replaceable.
i don't have their pe memorized but according to opus this is how the igv top 10 pe looks rn: PLTR Palantir 9.00% 238.0x / 116.3x fwd MSFT Microsoft 8.36% 23.3x / 19.5x fwd ORCL Oracle 7.98% 25.6x / 18.7x fwd CRM Salesforce 7.21% 23.8x / 14.2x fwd PANW Palo Alto 5.77% 91.4x / 42.5x fwd APP AppLovin 4.75% 44.9x / 23.6x fwd ADBE Adobe 4.58% 15.3x / 9.7x fwd INTU Intuit 4.43% 29.5x / 19.8x fwd CRWD CrowdStrike 3.87% N/M / 72.7x fwd NOW ServiceNow 3.73% 66.0x / 25.0x fwd so you're wrong even using trailing pe
The answer is so much simpler it got lumped into the SaaS bucket. INTU, CRWD, PLTR, MNDY are other names with similar movements today.
Correlate AXON to some other SaaS names, such as INTU, and there's an obvious match in the volume and timing of large drawdowns. This stock is being depressed by some whale dumping it's load. Other than the "AI is going to destroy established software names" narrative, I see no valid reason for this to be selling off. I do not agree with the above narrative. I am increasing my position. I would also suggest people check out INTU, which I also plan to increase my existing position into.
how comfy do you feel giving that info to $INTU? They get breached more than a whale
Your DD belongs in the dumpster behind Wendys with the highly regarded. When the AI bubble comes apart in the next five years, I expect you'll see a rebound in tech companies who have seen a valuation pinch. Quickbooks is accelerating and is likely to end up as an even bigger slice of INTU's REV in the next five years. I'm seeing a massive number of customers moving to QBO (which is a much better model from a revenue generation perspective) and there are a massive fucking pile of small businesses that are using shitty legacy desktop software to run their business. I expect growth in the SaaS accounting space, and systems like QBO that have worked heavily on their API integrations with other platforms will be the bigger dog in the fight, because business people are quickly becoming lazy fucks and integration feels good. I expect INTU's falling will slow into a turn around. It's not going to bounce, but it's certainly not dead cat territory.
You said you wrote a prompt for this, could you share it, please? I'm very curious about doing this myself, also to verify how cooked INTU may be.
imo its all that to some degree but also the acknowledgment that the terminal value once assigned to these companies is toast in the medium/long term. If you fiddle at all with AI its clear that knowing the survivors in 5 years is impossible to predict. But losers are easier to spot. INTU is 100% toast long term. As soon as openAI or Anthropic comes out with a specific accounting and tax overlay for their model intu will be into the melting icecube folder if it isn't already there
You do realize that Anthropic signed a deal with $INTU to use their tax algorithms? You just paid Intuit indirectly while holding shorts against it.
I haven't checked INTU in years....my god it was $813 last August. Less than 9 months later it is trading at $359.
Like your “listening to this sub” comment. I bought INTU listening to some talking head talking book on the radio saying it would work with AI and be integrated. And Schwab giving in an “A” rating. It has absolutely killed me. Down 60%
Adaptation and perfection takes time but you are not wrong. I'm in long puts on INTU.
Best short of the year, so far, has been INTU. Followed closely by TSLA. I don’t think either one is too late to put on. Or add to.
The challenge with something like Claude completely eviscerating INTU is that this isn't about what can do what in terms of actually doing the work of tax preparation. God knows 80% of the reason people freak out about taxes is that they are arbitrarily complicated and obscure. This isn't entirely by accident or an innocent consequence of law and rule making. Intuit, HR Block et al are not just passive dupes, they are legislative activists and I wouldn't be surprised if their core competancy isn't preparing taxes or bookkeeping but is instead lobbying. Don't get me wrong, almost the perfect use case for "AI" is tax preparation, from what I can tell by skimming r/taxpros it is already a feature of some of the pro preparation software used. I just don't think they are going to stand still and let people use free tax preparation without trying to ban it somehow, of course "for our own good."
INTU is cooked because of freefilefillableforms.com The IRS main page links directly to ffff
Wait till OP finds out about INTU integrating AI to drop operating costs
Thank you OP. I'm expecting INTU go on a run now
It's great for low stakes boilerplate legal stuff. I used open AI to draft a property tax appeal and used Reddit for tips on finding comps. It worked but if the form was out of order or wrong I'm not on the hook. For something like taxes though... That's a bold move as you are on the hook if it makes an oopsie or the training set is not up to the latest code. If anything INTU could cook up their own model and cut a ton of staff - reversing OPs thesis
Use Free Tax USA. It works much better than TurboTax, $0 Federal, $15 State, and some reasonably priced add ons if you like. Besides AI, there are better products that are threats to INTU.
#TLDR OP used Claude AI to perfectly complete their federal and state taxes in 15 minutes for exactly $0, proving that TurboTax's business model is completely cooked. Intuit is about to suffer the same fate as Chegg. --- Ticker: INTU Direction: Down Prognosis: Short $100k of shares Catalyst: Claude Code doing your taxes for free by "vibe asking nicely" E-Filing Strategy: Stealing company paper and stamps to mail the physical forms to Papa IRS
By the way, Turbotax is like 25% of INTU's revs.
I’m buying the fast growing, high margin, debt free, name brand, large cap technology companies with an average PEG around .9 being bought right now by insiders, the companies, Tom Lee, Dan Ives, & Stephanie Link, that are all UP\^ over the last 7 weeks (and today), after being cut in half the 7 weeks before that, whose efficiencies the AI they’re integrating will probably grow. NOW CRM APP VEEV ADSK WDAY. Hell, toss in PANW, TTWO, INTU, and a flyer on DUOL. Every one UP\^ over 7 weeks after getting nuked. Oh and this hidden gem called Microsoft.
Listen up regards. Stop bitching about "geopolitical tensions" and "whoremooz". You're pissing your dungarees crying while I’m out here drinking blood in the streets. - The S&P 500 is down 7% YTD? The Dow is shid itself? Good fuck em. That just means the rocket is ready to launch. I just crapped my life savings (85k bones) into a portfolio designed to fucking rip - $TQQQ (3x Bull Tech): Tech is down 20% YTD. I’m triple-leveraging the recovery. Volatility decay? That’s bitch-speak for "I’m too scared to be rich." - $INTU & $APP: These bags are heavy (down 30% YTD). Buying the absolute floor. - $SPY 0DTE Calls: fuck waiting for Fed to pivot in June when I can get paid by 4:00 PM tomorrow. - 100:1 Margin on Consumer Discretionary: If it moves 1% with me, I’m buying a private island.
How do I know this move is absolutely bullshit? INTU, CRM, NVDA, are all running at the same time. INTU and CRM inverses the market typically.
It is literally impossible for NVDA and INTU to drop any further.
Entire markets going to look like INTU and CRM by July. INTU and CRM are going to look like a civil war happened. But then bounce like none other.
Glad I just sold an INTU 400 put instead of a MU 370 put like I was tempted to
Yesterday I was like “LLY is the next candidate to join INTU”
JP Morgan also said to sell INTU puts 90 days out to trap retail.
LLY clearly is the next candidate to join INTU.
Down 7% between two stocks only, HSY and INTU. I was up 26% YTD and 35% yoy. Now 19% YTD and 27% YOY.
last bunch of times this level of fear happened (08, 20, 22, 25) almost everyone who sold to move into cash probably regretted it hugely. im averaging down and continuing to add to all my stuff. Right now thats largely WKL, RELX, INTU, UCG, SAN, NFLX, UBER. the recovery is always faster than we expect. oil crashes from highs all of a sudden, faster than we expect. buying oil and gold during peak fear never works out.
I thought the same thing; it's very tempting to sell, but my long-term strategy is to have high dividend stocks be the anchors of my portfolio with growth stocks and commodities that can be rotated more often. Ideally, I'd like to rotate my bank holdings to high dividend stocks from banged up sectors; perhaps REIT? I've also been looking at MSFT and INTU for growth stocks.
Except when the dip keeps dipping and you end up being a long term bagholder of INTU, CRM, fucking UNH, etc.
I'm a software engineer and I'm reasonably familiar with AI methods (not a researcher though). I cautiously bought a couple of software companies in late February (NOW, HUBS, INTU, TOST, CRM, WDAY). I think it's important to recognise the different ways in which software companies can be affected by AI. Some companies, such as Adobe, are in direct competition with AI. If a marketing organisation generates adverts using AI, they don't use Adobe Creative Suite for that work. On the other hand I believe that AI supported accounting, sales, inventory management, ERP, etc, will mostly get built on top of existing software and services. Companies have a lot of proprietary data in those SaaS databases. Contrary to images, videos and source code, there isn't a whole lot of public data available on which to train an ERP AI. Some SaaS companies could actually be beneficiaries of AI. I think one reason why SaaS was sold off so aggressively is the idea that software will be far cheaper to make and therefore companies like Salesforce or Intuit will face stiff low cost competition. Thi is true to some degree. But established software companies benefit from reduced development costs as well and they have all the other advantages of entrenched encumbants. And then there is the per seat subscription model. Fewer white collar workers means fewer seats and fewer licenses sold. SaaS companies will need to charge for different units of work and this could cause some difficulties at least temporarily. There's a wildcard in all of this. Some software categories could simply cease to exist because the whole business process they support may cease to exist. This is something that has to be considered on a case by case and industry by industry basis. So I think the sell-off is somewhat overdone in the short term, but a lot of software companies are coming down from very high valuations. I wouldn't be surprised if we get even better opportunities to buy some of those stocks in the future, especially if the whole market eventually corrects.
Laughs in all newly trapped CRM, ORCL, INTU, etc. baggies. Think about how your precious SNDK, shiny rocks, etc. will feel after buying it up here when they look like those charts.
Oracle, INTU, CRM UNH(maybe not) all great companies with good profits. All are fucking rekt.
As it turns out(no surprise) INTU indeed was a dead cat……despite blowing away earnings.
There was like 1.3m shares of INTU after hours yesterday. Might be an interesting day.
If INTU pumps the market dumps.
INTU raised to 700. Its 455. Guess that means dump time.
Watch this INTU dip be a huge bull signal lmao
Wtf happened to INTU lmao
Oooooooof INTU fucking rugged.
INTU being suppressed so it doesn’t hit the vacuum zone and rocket from $500-800 lmao
INTU will never see another day above 600
INTU is begging to see Clifford’s red rocket.
If INTU doesn’t dump imma feel pretty damn stupid for shorting calls
These INTU puts going to print harder than a shadow in Japan. *gets banned for this post*
*nonconsentual cumming intensifies* calling all 🏳️🌈🐻s. Short INTU.
remind me why i shouldn't buy weekly calls for next week for INTU while its just going up
Of all the things in the market why anyone would choose this as a place for $380k is astonishing. Why not throw the entire thing at INTU/NOW/NFLX or literally 50 other things that are basically forced to go up the rest of the year?
INTU is just expensive VIX.
NVDA bolz fighting for 2 cents every day. INTU up $20 in 10 minutes.
INTU Shrekin’. puts it is.
I bought into the software slump last week (NOW, HUBS, INTU, TOST, CRM, WDAY). My thinking is that in many cases AI will build on top of existing SaaS products rather than replacing them. It will also need to be trained on non-public data that's locked in existing databases belonging to those SaaS offerings. But this reasoning is not true for all software. Some types of software (such as WIX, ADBE, FIG) are in direct competition with AI for a large share of users and a lot of AI training data is publicly available. It's absolutely possible that you are right that many users will prefer a visual site builder to AI. But many others will not. That can't be good for Wix's growth prospects unless they manage to pivot to something that benefits from AI. On the flip side, Wix is not expensive. Price/sales is just 2.62 according to Yahoo. PEG is 0.5. They clearly have a capable team. So who knows. Maybe it's worth a bet. But I think it's a bet on the people rather than the product. It's a bet on a turnaround story.
Lmaooooo INTU fucking green and not dumping.
Pretty bullish in here. Guess I’m loading up on moar INTU puts
INTU up like $120 in the last week or 2. Load up puts. Gotta dump to burn calls.
INTU is quite literally the shit. Wish I’d caught it earlier (caught it when their payment systems fucked up and bought puts/sold calls). Then loaded up on calls and shorted puts at earning. $$$$$$$$$$ Cashed out on some calls to secure profits and the puts are practically worthless lmao.