ShakyJake
<Donor>
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What I get for taunting it last week...NVDA +6.6%
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Investing General Discussion
- Thread starter Furious
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Palum
what Suineg set it to
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Jim Cramer calls Monday.com a 'junior' Salesforce
Shares of Monday.com (MNDY) surged 8.5% Monday morning after the company reported a quarterly earnings beat.
Dang Monday about to get a bullet to the head. That market is so saturated, they're all kinda mediocre. Monday strikes me as distinct only because of it's marketing push.
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Mist
REEEEeyore
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S
Yes but there's 10000s of companies out there who still have platforms from 20 years ago that are absolutely atrocious. Mediocre is a huge step up.
Palum
what Suineg set it to
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Who uses Monday?
I have seen a lot of MS Proj, Asana and Smartsheets. Literally never seen anyone send me a Monday invite or pull it up on a call.
Mist
REEEEeyore
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Monday.com doesn't do anything well but it does a lot of things:
Here are the strategic clients they list on their website:
I have had personal experience with internal systems and processes at Coca-Cola and very extensively with BD. They were both nightmares. I'm sure Monday is a huge improvement over what they were using.
It's probably a terrible platform for a super technical company, but for people who are just making license plates, I bet it's pretty good. The UI gives me Robinhood vibes, aimed at the post-technical Gen Z crowd.
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Some of my clients use Monday, I didnt like it. It wasnt intuitive and had a kiddie feel with big fat color lines, and these Playskool colors.
Prefer Asana over it.
Atlassian/Confluence sucks but thats probably the 800 lb gorilla everyone is aiming for. Not even sure how the Salesforce/Monday comparison works
Big Phoenix
Pronouns: zie/zhem/zer
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Incredibly bullish, means used auto prices are about to crash and kick inflation in the balls.
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Palum
what Suineg set it to
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Yes I mean but I've ended up on one of those "partner" tickers because I bought 10 licenses for one team before lol.
I just haven't seen it in the wild.
Palum
what Suineg set it to
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Yea I guess it's new process stuff since I last looked at them and a CRM module which is where it gets compared? IDK. I have a lot of childlike people in other departments that couldn't complete a task without a how-to on 7 post its, maybe I will have to check it out. Playskool may be appropriate for some people.
Sanrith Descartes
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Sanrith Descartes
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Cut my losses on ALB. Either I 100% misread their earnings or the rest of the market did. It doesnt really matter who is right though since the market always wins. Cut my losses at 10% and looking for the next play.
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Tmac
Adventurer
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Sanrith Descartes
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I was torn. I took an entry position and was weighing adding another tranche or just cutting bait. It just been blowing through every support level and on a streak of 7 straight red candles. The next real support is around $170 and I didn't want to ride it down another 6% to see if that one held.I followed you in and now I shall follow you out. Thanks for posting!
Sanrith Descartes
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Started putting my core cash back to work. Opted to go with SPLG instead of SPY. For those not familiar State Street created a clone of SPY but it functions at a roughly 1/8.5 ratio so instead of $444 a share its $52 a share. it also has a net fee of 0.02 so its nearly free to own. Net assets are $20b. The biggest disadvantage is its not really liquid on the options side so its not really playable with options. On the flip side a block of 100 shares is $5,200 versus SPY being $44,400.
Bought at the 50-DMA for SPLG/SPY
Bought at the 50-DMA for SPLG/SPY
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Sanrith Descartes
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AAPL bouncing right at the 100-DMA. Its been above it for more than 6 months. Its so elevated though, so this will be interesting.
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ShakyJake
<Donor>
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What precisely is your strategy? Buy at support levels or at significant moving averages?
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Tmac
Adventurer
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Gonna speak for Sanrith and potentially get corrected. He uses DMA's to determine entry and exits. For example let's use this chart:
We can see the QQQ is above all levels of support (20, 50, 100, 200). I've personally drawn a blue line to mark historical growth (pre-2016) and red lines to show growth post-2016. I could probably even do post covid lines as well.
Basically, you don't want to invest in the QQQ atm bc it's in growth mode (above support). You'll want to invest when it falls and hits lower levels of support like the 100 or 200 day, bc you know that it's consolidating lower to come back up.
So, if I followed my own GD rules, I would've maxxed out my QQQ investment in 2019, again in 2020, and in Oct/Nov 22, bc it was contracting below the blue pre-2016 growth and the normal growth.
Sanrith Descartes
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I had talked about it here a few days ago..
And basically yes. Back in May I wasnt sure my house sale would go through in time for my new house purchase so I went heavily liquid in case I need cash to finish the purchase. The sale went through so now I am looking to reinvest. My plan is to purchase at various support levels like the DMA's if we keep letting air out and the indexes keep moving downward. If we bounce at one of them and continue the bull run (which I believe happens at some point), then I just ask
Blazin
where to buy since I am much better buying on the way down than I am on the way up.- 1
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