NET

werewere223

Jesus this aged well. Well done sir. Just curious would you buy NET at 80? Just curious as I'm looking at this company quite favorably, seeing as it seems to have quite a moat.

Wtfitzchris

I needed to sell some of my stocks for a down payment on a house. I had 1200 shares of NET and 2000 shares of PSTH. Guess which one I sold. ​ Fuck Bill Ackman.

PaperCollectorX

I think quality, profitable companies will be the best market performers over the next couple of years. I think the explosive growth high P/S stocks will have their day again but it might not be for several years. The ones that mature into highly profitable companies will of course do well but time will tell. I like AMD a lot. DIS is solid, but would prob just put that money into VOO, don’t see a ton of upside with DIS and certainly more risk than an index. NET I’m staying away from.

cryptohorn

NET went from like 60 something last March to over 200 eight months later in November lol

spac-master

NET trading more than 40X revenue

hookisacrankycrook

Oh you mean Netflix. I thought you meant NET, as in Cloudflare. Yea I don't know.

shitwede

Time for nothing but NET? It is basketball season.

chedrich446

NET goin to $60. Hop on these puts boys we’re gettin rich af.

dampup

> Price could have gone up 30x. So what? Nothing to do with the fact that it is still zero sum. It just means you took 29x of your original money from other investors. Good for you, your personal term in the equation was positive. The NET SUM of the MARKET was 0, though. You can keep saying this. But you're wrong. Just like you have been wrong about everything so far. Seriously dude. Go be an ignoramus somewhere else.

crimeo

> If the only thing people did with stocks is trade them like Pokemon cards and not invest for long term growth, you would be correct. You can wait around 100 years, you're still going to trade it at the end of your long term plan. That trade will.. you guessed it! Have a buyer, and a seller, who will exactly, by definition, cancel each other out to exactly $0 net change in value to traders as a group overall. Price could have gone up 30x. So what? Nothing to do with the fact that it is still zero sum. It just means you took 29x of your original money from other investors. Good for you, your *personal* term in the equation was positive. The NET SUM of the MARKET was 0, though.

ballmode

Nothing but NET

BoastfulPrudence

Jeses, MU, PLTR, XOM, TSM, NET, why are all their Volumes at like 20% or usual volume at 2pm??? Anyone? MSFT only company I could find with decent Volume today.

cN5L

I do believe in SQ, PYPL, NVDA, U, COIN, NET long term. I just sold too many.

chedrich446

If you’re not loading NET puts on this bounce you hate money. Still trading over 30x revenue.

grackychan

NET is impossible to price. Honestly worth maybe $40

txholdem

got ROKU and NET calls - thought a little bounce is due. looks like they are simply worthless

kriptonicx

I love NET, but like you I sold at $200. Unfortunately I only sold about halve of my position and not the whole thing... You're right that you still need to look at valuations. NET was and is still valued much higher relative to other comparable growth stocks. It's a quality company, but I'm not rushing to buy it right now, even after the 50%+ drop in price.

gqreader

I had a big position with $NET and it ran to $200. Sold off all of it there. $500M revenue and $50B market cap I know it’s amazing but it’s not a fair price. I’ll wait for it to hey cheaper, maybe it’ll never be fair price, but buying at nose bleed levels is how we get negative long returns. No matter the growth

kswissreject

NET should just go ahead and get delisted

kswissreject

NET needs to just get it over with and get delisted, holy shit

Mycatspiss

You good. Cause you've netted 0 you twit. Stock losses. NET losses. Can sometimes be claimed to help against taxes for NET gains following years

kriptonicx

I agree. Growth stocks have further to fall when growth slows, but if economic growth slows all companies are impacted, not just growth names. What confuses me is that a lot of people are worrying about an economic slowdown so are selling growth stocks to invest in consumer electronics companies like AAPL. It's not clear to me what would be more dangerous to own in a recession, an established consumer electronics company like AAPL or a growing cloud infrastructure company like NET. Businesses can't exactly decide to stop paying for servers in a recession, but they will stop buying pricey phones and laptops. I think it just depends on what you're investing in and your time horizon to be honest... It's not like the long-term growth trend of cybersecurity is going to impacted much by an economic slowdown, but the pandemic growth we saw in home fitness was obviously going to be a temporary trend. I'd also argue streaming services like NFLX are going to be fine long-term although their growth expectations need to come down. I'm not really sure why wall street didn't expect NFLX's user growth to slow. The rally it had in the second halve of last year didn't make any sense to me given that growth was obviously going to slow and it was already up decently from it's pre-pandemic levels.

kriptonicx

You can find S&M and R&D on a company's income statement. They're listed under operational expenses. UPST has been a fav of mine for weeks at this point. I struggle to see it not trading above $200 by the end of the year tbh. Not looked into either HUBS or TTD. ZS looks attractive and I think it should recover, but I prefer CRWD and NET as cyber security plays personally. NET relatively much more expensive though so I wouldn't recommend it unless you really believe in what they're doing and their long-term potential. SNOW is a stock I'm considering at the moment... It looks expensive, but it's quite reasonable when you adjust for it's insane growth rate. A company growing at 100% YoY will be more than 3x the size of a comparably sized company growing at 60% YoY over a period of 5 years. Given that it's not uncommon for growth stocks with 50-60% YoY growth rates to trade at 30-40 PS, SNOW's 75 PS is probably about right given that it's >100% YoY growth will probably drop a bit in the years to come. ​SNOW also seems to be well liked in the data warehouse space so there is also going to be a quality premium there which I'm trying to understand at the moment. What I will say is that it's very rare for a best-in-class growth company operating in a rapidly growing sector not to eventually grow into it's valuation. I don't think there is much risk in SNOW long-term, the only question I have is whether it's the best growth stock to buy right now because it's held up surprisingly well during this correction given it's valuation. If it was trading 50% or more off of its highs then it would be an obvious buy, but it's not quite got there yet and at this point I doubt it will. Given that you already own it I would definitely hold.

kriptonicx

Buffett has spoken about how stupid it is to categorise some stocks as growth stocks and other stocks as value stocks because fair value depends on growth and most value names are value names for a reason. You want growth at a fair price, the problem is most people don't know how to identify what a fair price is for growth because they're comparing metrics directly with relatively stagnant companies. People forget how companies like FB used to trade with a PS in the high teens / low twenties and a PE over 100 during a period when interest rates were much higher. Stock like SHOP trading at a 25 PS and 150ish TTM PE today are just not as expensive or unreasonably priced as some people think. As an investor the biggest mistake I've made is probably not investing in companies like FB, AMZN and NFLX years ago because I was concerned about their valuations. Not only was I wrong about these stocks not justifying their high valuations, I could have never imagined them so significantly outperforming the broader market. In many cases these names could have been 2x more expensive than they were and still have been fantastic investments. I do agree with you that you shouldn't have a portfolio full of growth stocks though and that there is a difference between highly speculative, sometimes pre-revenue investments and growth stocks like SHOP or TDOC. For example a stock like SPCE doesn't even have a proven business model yet and really shouldn't be in the same category as companies like SHOP and NET which I and others use every day professionally. These aren't memes or highly speculative companies yet to prove they have a business but legit companies that are growing fast and offering real value to their users.

leap-me-daddy

TTD (a lil over), MGNI, NET, SNAP (lil over), GDS (China), any of the major US cannabis MSOs

jarisitc

NET is at 27B right now. Probably will be within that range by the bottom of this correction

zephyy

I don't know how much money it makes them but MSFT has also been (for better or for worse, right now for better) dominating the developer ecosystem. Purchase of GitHub a few years ago and the improvements to it since then (free private repos, GH actions, codespaces) have eaten into other traditional online repository & CI/CD services. [authoritative google trends chart](https://trends.google.com/trends/explore?date=today%205-y&q=%2Fg%2F11jh8km8zt,%2Fm%2F0jwwmpp,%2Fg%2F11byt8jwgw,bitbucket%20pipelines) Right now in terms of developer ecosystem, MSFT has: * Two devops / project management tools, incl. the most popular (GitHub, Azure DevOps) * Control over the dominant package managers for two languages (npm: JavaScript/TypeScript, NuGet: C#) * The most popular free pseudo-IDE (VSCode) plus an actual IDE (Visual Studio) * Azure services to provide hosting and other features for developers * Inroads among the traditionally heavily *nix based developer scene with things like WSL and cross-platforming .NET (imagine telling someone in 2003 that you could write a C# application entirely in Linux, deploy it on Linux servers, without ever leaving a Microsoft environment) As a developer, it's getting kind of scary just how much MSFT has control over. As someone who owns MSFT, it's full of potential.

EatThetaForBreakfast

Dump FUBO for NET

foundnoname

Lots of the high flyers that got wrecked over the last couple weeks were way past 10B at their peak. So far UPST went from close to 40B to 9B in three months, CHWY still sits at 19B and was at 60B a year ago, PINS is at 20B down from 65B, PYPL lost a cool 200B (!) since August, DDOG still "worth" 40B after hitting 60B two months ago, NET went from 75B to <30B in two months, MRNA from +200B to 65B since September and there are countless others. Those are just a few from the top of my mind since I was short/bought puts when they were at peak crazy but I could go on and on and on... The froth in anything tech related was insane and still is, just slightly less so.

mpoozd

> if they're better companies NET SNOW have good product but insanely valued more than 50-100x sales. Usually for the first years the growth looks high and gradually decline.

us9er

Feels like people don't want to touch these high fliers (without profit) until they have a PS of less than 15 or even 10 now. Given that NET is still has a P/S 46 and forward PS of about 32 this could still go down 50% which sounds insane. Just shows how overvalued these stocks were that they came down so much and are still trading super expensive. There are other candidates but NET had one of the highest valuations and still does. At the end who knows but for the moment these valuations are considered very high.

artcysp

depends, did the gain/losses occur this year? Or did the gains occur last year and the losses this year? If the former, no, you only pay taxes on NET gains for the year. If the latter, get the lube ready and pucker up your asshole cuz the taxman's a-comin

saysjuan

Q1 estimates: CRWD -0.13 to -0.16/share NET -0.07 to -0.10/share PANW -0.35 to -0.46/share This play has been over hyped already and would be extremely difficult to see these companies beating estimates as interest rates increase from the Fed. No current guidance to profitability with any of these companies unless they are buyout candidates by the large cap tech companies (Microsoft, IBM, Amazon, Symantec, etc). Even though they are all near the 52 week low in a market with rising interest rates their current stock price has another 50% decline before they become investible long term. PUTS on these cyber security software companies. First hand experience from a Fortune 50 IT Admin After the REvil attack this past March cyber security spending has not increased that much. Having been on the front line for a Fortune 50 in IT the net effect was an extremely large insurance claim to cover the cost of remediation. Once the claim was paid out I can tell you first hand other than a short term large expense for remediation, very little has changed in terms of new purchasing. PUTS on cyber security Insurance policy writers

etphonetrome

Going to gamble on $MSFT ER through $NET

migbyo

What's your buy zone for NET?

kswissreject

Pretty impressive how a -10% day on NET just seems like normal at this point

WorkingCorrect1062

NET wants to go to 0

hutchy134

Thoughts on NET? It's getting hit hard

kilroy123

Seriously though. What are you all planning to scoop up after this correction? Me: $EMBK $DNA $SAND $APPL (leaps) $NET (leaps) $FB (leaps)

daytrader7222

All mid sized tech, RBLX, NET, AFRM, ASAN

strawlion

Its crashing bro. Use a CDN for free (cloudflare aka NET)

ritholtz76

i am out of cash. Otherwise, i want add more ENPH. I am in the water now as i didn't see when it went to $280. I actually added a big when it was around $170. I should have waited. Also lesson learned, always try to take some profits off the table when stocks make a crazy moves upside. Like when ENPH and NET went up vertical to $280 and $220.

No_Use8188

That’s not how it works. You can deduct a 85k loss from 85k profit. You pay taxes on the NET GAIN. The 3k a year you are talking about is for regular income. If you have no gains to deduct losses from then you can deduct 3k off your work income.

xerns

Consider using option strategies to average more efficientl... NET WORTH ON TQQQ PUTS

thatguyalex2018

The #1 most upvoted stock in "What will be the best performing stock of 2021 was Palantir...which lost like 20% of its value in a year the stock market rose 20%...and, if I remember correctly, 7 of the top 10 most upvoted stocks also lost money...the only reddit picks to do well were like AAPL, NET and something else... i.e you are 100% that listening to reddit is likely to be terrible investing advice.

tinyraccoon

NET but not anytime soon.

michaelhue93

Between TTD, TENB, MTTR, and NET. Which are you choosing?

michaelhue93

Between TTD, TENB, MTTR, and NET. Which are you choosing?

MrCrosbey

What stocks are you picking up at a discount? Not trying to catch a falling knife but I feel like some of these prices are a gift. Looking at AMZN & NET

Devinnn1

If you want to add NET because you either want a larger allocation towards it in your portfolio or you like the R/R on it from here enough to go heavy on it then go right ahead. But don’t buy NET with the purpose of decreasing your cost basis. It’s the mentality behind the reasoning of the purchase that I think is stupid not the purchase itself. Although again I personally think NET is still too pricy here but you do you.

Thefishman1

why do you think it’s stupid? Of course NET is at a high price now, but compared to 120 it’s a large reduction in price, even if it’s got further to fall in the short term.

Technical_Mud_8095

One mini regret is selling NET on market open for breakeven price. I didn't want yet another stock going red in my portfolio. That cost me a 10% swing. But ah well, who knows, it might tank 10% tomorrow again

BlackScienceManTyson

Went from +7k at the top to +1k before I sold. And thankfully I did. NET, PLTR, DASH, ARKK puts

Technical_Mud_8095

Pleasantly surprised. I was down nearly 3% earlier and now just down 0.9% One bad thing is I sold NET for a breakeven price. Lost 10% gain from that but ah well. Who knows what tomorrow brings.

blackbelt78

Yep. I've been DCA $NET since last week. Love the company and what they do. I've building on top of their serverless infrastructure and its sooo much better and dev friendly than aws. They are doing a lot of things right. Bullish.

blackbelt78

Bought $NET earlier in the day when it was down like 7% ended up closing +5%. Lucky timing. Buying the dip.

Shutup_Stupid_Commie

Guys, my wife and I had a combined life savings of 30k in our brokerage, thus is all we have. In just the last month I have lost 7 grand, probably more by tomorrow. I sold a few cash secured puts on NET and CRWD. I am shaking from these losses. Is there a conservative strategy that will at least make me back this money over the course of the year. This is a cry for help.

xKingDragonn08x

I wanted to build a portfolio focused on long term future trends 30% NET 14% CRWD 10% ENPH 10% MAXN 10% CRSP 10% AMD 9% ARRY 5% APPN 2% CSIQ

princessthailand

My $200 NET 2023 calls are up 20% today! Only anther 400% to go

BlackScienceManTyson

Yeap. Had puts on PLTR, NET, ARKK, DASH. NET really surprised me

Kwikstep

They are different. CRWD uses ai learning to block ransomeware. NET protects websites from being bogged down in traffic and against ddos attack. I like them both. I like them both alot.

Kwikstep

I've been adding to my NET position daily since early December at 150. This morning I got some for 82. Same with Nvidia and MD. Got some Nvidia for 215 this morning.

MineConsistent20845

I'm glad you didnt buy, otherwise NET probably wouldnt be up 6% now

ddavidovic

Interesting observation. But NET is still down massively from its ATH, it'll need much more than +3% to signal an actual recovery.

JiveJunkie

$NET flew too high too fast. I sold off my position a few months ago (too late, already fallen a lot from the high), and I'm going to jump back in at some point during this market correction/crash. Not now, though.

qwertyaas

NET fell 10% and then went up 15% lol Batshit crazy market

OM-myname

Out of curiosity - why do you guys prefer NET over CRWD?

Shoddy_Ad7511

Same here. First bought NET at $32. But I’m not mad I didn’t sell at $200. This has always been a very long term holding for me. 10-20 year hold. The market just got overheated last year and we are seeing sharp correction. What made me buy NET hasn’t changed. They are still the best at what they do and their industry will be growing for a very long time.

mpoozd

ROKU ASAN NET DOCU ZM being green suddenly is sus

laugal

In NET since 36 and got more today. I should have sold above 2 lol but well, here we are. I think the NET plummet of fuckery is near the end. Or it's wishful thinking. Either way, go for it.

WorkingCorrect1062

DOCU, ROKU, NET, SHOP are green lol wtf

WorkingCorrect1062

Lol out of all stock NET and ROKU are green

kswissreject

NET PTON and CHWY all green while AAPL/AMZN/FB/NVDA all red. Apocalypse is here.

kswissreject

Holy shit NET is almost green.

iamlenovoUS

My bets are NVDA, NET, and DIS.

sfcycle

I also bought in early and am holding to my plan to not sell NET no matter what for at least five years. I also feel the rollercoaster of emotions than come with sticking to that plan, especially when the valuation got ahead of itself.

ChiefSwampass

My NET leaps are green now wtf lol

General_Asleep

I thought it was a good idea to diversify in asian market, bought a large portion of SE and BABA in early 2020. Haven't sold BABA yet... lol. And yeah NET is probably a good gamble at today price, there is way too many companies that I knew were at absurd valuation but I greedily held them just to try to sell for more. I became more and more cocky because I sold a bunch of tickers too early and I shat the bed in a big way because of this.

EatThetaForBreakfast

Biggest regret was not selling NET at the top at 200+ now it’s crushed at 80. But that’s one company I do plan to hold for a long time so I guess it’s just part of the ride.

DontStonkBelieving

I mean for me, GOOGL (best value out of FAANG IMO), CRSR is getting to a nice price, NET if it goes below 70, I would also keep an eye on ETSY and SQ

DontStonkBelieving

Want to buy back into NET, wonder if it will ever reach the price I bought it at before ($60)

upbeat_controller

Odds the travel blogger kept her NET puts long enough?

Technical_Mud_8095

The bubble has well and truly burst in speculative growth stocks. 4 stocks I have (I actually sold NET at breakeven today, didn't wanna go red in yet another lol) Fall from ATH: DKNG - 75% CRSP - 71% LMND - 84% NET - 61% More examples: PINS - 67% SE - 61% SQ - 61% PLTR - 66% ROKU - 70% ZW - 76%

Albedo100

Officially down on NET that I bought a year ago lol

SirGasleak

SHOP and CRWD are in the process of getting crushed, and SNOW due. Same with NET.

Cyberman007

I just sold my NET - might as well take profit on something before that also goes negative lol

chedrich446

NET has been my favorite