CWRD - A good buy?
If you guys didnt catch this - CRWD dipped on Friday night following some allegation on contract fixing with Carahsoft, an IT solutions reseller.
TLDR:
- FBI raided Carahsoft on rumored contact price fixing
- Carahsoft made a $32 million purchase from Crowdstrike for its Identity Threat Protection solutions to deliver to the Internal Revenue Service (IRS)
- IRS never bought the software, but Crowdstrike has been receiving regular payments
TLDR:
- FBI raided Carahsoft on rumored contact price fixing
- Carahsoft made a $32 million purchase from Crowdstrike for its Identity Threat Protection solutions to deliver to the Internal Revenue Service (IRS)
- IRS never bought the software, but Crowdstrike has been receiving regular payments
This news doesn’t really change Crowdstrike's fundamentals. From a techincal analysis standpoint, this dip looks attractive for me and a took another entry last night.
(1st entry was at 308, 2nd entry yesterday was at 303). Holding for a swing trade.
Oct 19 - Technical Setups
(1st entry was at 308, 2nd entry yesterday was at 303). Holding for a swing trade.
Oct 19 - Technical Setups
And IF, the rumor turns out to be true, I honestly think the market is presenting a wonderful opportuity for us. I will likely be entering again if that happens.
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aspiring investor & gamer. i mostly focus on technical analysis, and will try to share my observations.
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LELT : Indeed!Crwd recognisation of revenue has complied with GAAP and did not lose out in anyway as payment has been made. Maybe the stock has rised so fast and some market maker yet to be on boat yet