6/6/24 - vrockstar - 
IOT - > 15x sales for 30% growth is simply too much in this tape, need closer to 12x which is substantially lower. look fam, these guys are perpetual beat/ raise types. so there won't be as much a surprise if this happens. it's the $crwd/
NET of the IOT space (he11 they even own the ticker lol). so we need to own this in the MT/LT context and in whatever pullback (if/when/everrr??) we get from macro. i remain pretty cash heavy into friday/ next week b/c i have a few macro views that keep me more cautious awaiting fat pitches. i remain that 
YOU remains the fattest pitch out there from a single name perspective. still like 
NICE but it's in the penalty box from the a. recent 
MSFT announcement going into their turf (tho i see that as validation and timing was probably bc they have an analyst day next week) as well as b. rough chart.
back to IOT. i'm a fam. i like it all over. but the price is not right. so i'm watching/ waiting. if i miss it i miss it. but i can't afford to buy this and eat what i believe is much more downside risk at this pt in time than upside risk esp when comparing vs. other names i like w/ similar growth and cash gen potential.
IOT - > 15x sales for 30% growth is simply too much in this tape, need closer to 12x which is substantially lower. look fam, these guys are perpetual beat/ raise types. so there won't be as much a surprise if this happens. it's the $crwd/NET of the IOT space (he11 they even own the ticker lol). so we need to own this in the MT/LT context and in whatever pullback (if/when/everrr??) we get from macro. i remain pretty cash heavy into friday/ next week b/c i have a few macro views that keep me more cautious awaiting fat pitches. i remain that YOU remains the fattest pitch out there from a single name perspective. still like NICE but it's in the penalty box from the a. recent MSFT announcement going into their turf (tho i see that as validation and timing was probably bc they have an analyst day next week) as well as b. rough chart.back to IOT. i'm a fam. i like it all over. but the price is not right. so i'm watching/ waiting. if i miss it i miss it. but i can't afford to buy this and eat what i believe is much more downside risk at this pt in time than upside risk esp when comparing vs. other names i like w/ similar growth and cash gen potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.