global outage today. this is going to get fucked tonight
the stock might go down 5% today or 10% I don't know but it's going to go down for sure
the only consolation is i trimmed my CRWD shares recently i am sitting on something like a 150% gain so i had to trim it to take profits i only have a few shares left to ride the wave so it's no biggie to me
sadly i have my commons on a brokerage that doesn't allow overnight trading so I'm here like a sitting duck I can't sell it when it's onlt down 1%
on the plus side if you were looking to enter this stock this dip might be a good opportunity of course don't jump in immediately you need to assess the situation how bad is the outage and is it resolved in 1 day because if it's just 1 day then probably the stock won't sell off for a prolonged period and if your time horizon is long, i mean at least 1 year but even longer, then this could be a decent opportunity to DCA a few shares in, and then wait for next month, and DCA a few shares again, and so on
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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怪懒神 : sad, I think not just 10%, the impact is huge...
MomentumPython1337 OP 怪懒神 : i trimmed 85% of my shares last week so it's not so bad for me
Zero K : global outage. how many productivity hours lost?
怪懒神 : this is different to FB / internet outage those, some of the PC can't boot into OS anymore after BSOD, this might cause workflow break and data lost.
MomentumPython1337 OP Zero K : the short term cost is not the main issue that worries me. the more worrisome aspect is the reputational damage. whether existing customers will switch to a different company and whether it will be harder to acquire new customers.
to be fair there is a switching cost associated with crowdstrike products. it's not so easy to overhaul your entire organization's security products to a completely different cybersecurity provider, it needs a lot of vetting, approval, and all the employees to submit their laptops, make backups, etc. it's a lengthy and painful process.
so the likely scenario I'm looking at is something like crowdstrike having to one-off reimburse customers for the damage, that will mean a loss in profit margins and loss in net income and hopefully it is not a massive amount, but if it's one-off and that means just 1 quarter of earnings is affected then it's not going to be that bad