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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#71

Post by OJFord »

version_five wrote: post #40
cj wrote: post #31

I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…

> Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term If you think this, you should be happy and buy more of the stock. I don't know enough to say if I think it's a good idea, but if you do, don't be sad, buy more of it.

I both agree with you, and sympathise with GP because I'm bad at following your/my own advice.

I suppose it comes down to conflicting opinions/strategies - I'd be way over-allocated in Amazon & Cloudflare (and probably 'tech' and the USA) if I always did.

Re: Coinbase stock lost over 75% value

#72

Post by FredPret »

vmurthy wrote: post #36
wallawe wrote: post #4

I'm a buyer at this point. We'll see how earnings turn out tomorrow, but no matter how bad the macro environment, I think $COIN at 7 P/E is a good buy long-term.

It's not the P/E itself but ALL the future earnings discounted to the present using an appropriate discount rate that counts. See the uncertainties involved here? :) If you can predict a range for the future earnings and discount them and if it is underpriced , do buy :) .

Not only earnings but interest rates too, to work out the time value of money

Re: Coinbase stock lost over 75% value

#76

Post by kolbe »

mmaunder wrote: post #47
ferdowsi wrote: post #11

Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.

P/E is back. Funny how irrational exuberance is seen as a normal market and a return to fundamentals is a financial crisis.

You may want to go see what $COIN's P/E is and get back to me.

Re: Coinbase stock lost over 75% value

#77

Post by adfjalkfja »

ferdowsi wrote: post #11

Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.

Guess I'll buy some cloudflare along with hashicorp

Re: Coinbase stock lost over 75% value

#78

Post by squeaky-clean »

silisili wrote: post #35
hardwaresofton wrote: post #7

Earlier quoted context omitted.

Same -- there are actually a bunch of tech stocks that are think are similarly a good bet right now, for example $NET (Cloudflare). Any other things that look like good buys under the market crush?

As someone who works at a...semi competitor, I think you're absolutely right about Cloudflare. They've got a strong team, strong products, and a lot of users. I think they're in a great position to start making tons of cash if so inclined...

Whenever cloudflare has an outage and like half the internet stops working, it reminds me to buy some more.

Re: Coinbase stock lost over 75% value

#79

Post by freyr »

ferdowsi wrote: post #11

Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.

Down 71% from the recent peak, still up 264% in the past 2.5 years.
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