2+ years later, we’re a long way from Covid Bubble valuations in Software now.
The pendulum usually swings both ways.
27 month performance on these stocks 👇
$Snowflake(SNOW)$ -53%
$Cloudflare, Inc.(NET)$ -36%
$Datadog(DDOG)$ -35%
$Zscaler Inc.(ZS)$ -36%
$BILL HOLDINGS INC(BILL)$ -78%
$GitLab, Inc.(GTLB)$ -31%
$HashiCorp, Inc.(HCP)$ -45%
This is a comment I made in 2022
Been saying this for months now, but Buyer Beware. These stocks are still trading at bubble valuations. No company has ever sustained a multiple this high long term.
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https://x.com/Marlin_Capital/status/1797297146896486843
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