$Twilio(TWLO)$ Owners of this stock many mid to large cap tech have been destroyed. You have to remember stocks get way over bought and way over sold. I would fell alot better buying Twilio at $47 knowing the valuation of P/S is dirt cheap and Market cap is too low, rather than this going up everyday and buying at $250 or more when valuation is getting too high. Now is the time to free up cash and consider buying shares at discount. CEO doesn't just buy 10M worth at $62/share with his personal funds for no reason. We still have 750M of shares being bought back and fed is going to pause rate hikes. Only way you hold or add to position is you believe 2024 will be a recovery year and only mild recession.
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