00:00Well, that's a great question.
00:01Why not?
00:02Well, let's go to why not bring up the chair to CrowdStrike.
00:04And this is the only tangent we're going to go on, but this is why not.
00:08This is why we don't catch falling knives, folks, because you know what?
00:11You're like, ah, and Kramer even said it after the first, you know, when
00:15CrowdStrike went that day down from 340 to 300, Kramer was saying,
00:18well, it'll bounce back.
00:19You know, this is, you know, great company.
00:21It's a one-off well, then it's fallen again.
00:24And it didn't just fall yesterday.
00:26It fell another 14% yesterday on the same headline.
00:30And again, we know ratings, you know, come in the next day.
00:33That's why you don't buy on day one.
00:35If you weren't listening to yesterday's show, we'll say it again.
00:37After day one of a slaughter that happens, you know, during the day, not
00:41at night that you often see the fall through ratings the next day.
00:46That's exactly what we saw yesterday where we had three downgrades.
00:50We also had a multiple price target lowering.
00:53We haven't had Johnny come lately.
00:54HSBC last night, downgrading CrowdStrike, maybe they bottom ticked it.
00:59I mean, it's oversold to be oversold.
01:01Probably one of the most oversold stocks now to go from 380 to 260, basically
01:05in a heartbeat from go one of the best, you know, cyber stocks to we can't
01:09even touch this thing in a heartbeat.
01:11You gotta think there's a bounce in here somewhere, but man, timing that
01:15bounce, he could have thought that a two, he could have thought of 300
01:18like Kramer, he could have went to 92, 82, 70.
01:21Well, it did bounce it around 260 yesterday, but man, this is a tough, tough shirt.
01:26I, again, I think you got to wait until you start to see a bottoming
01:30formation, like get a calendar that doesn't have a new low on it.
01:33Uh, like a, like a, like a daily candle calendar, get a candle that doesn't
01:37have, I know why you're buying it.
01:41Yeah.
01:41For your long term portfolio.
01:43Cause your idols buying it.
01:45Oh, come on, Dennis.
01:49Come on.
01:50The chats even Kathy, Kathy, Kathy, of course, Kathy's buying it.
01:57Kathy entire strategy is by the dip and sell the rip.
02:01She honestly probably is our biggest fan.
02:04She's like a closet pre-market prep lover because she buys the dip and
02:08sells the rip more than any other person or money manager on the face of the earth.
02:12Tesla goes up 30.
02:13She sells Tesla goes down 30.
02:15She's buys crowd goes down 30.
02:17She buys crowd goes down another 30.
02:19She buys she is the ultimate fader.
02:22She is the ultimate contrarian.
02:23It's probably why she's had a tough few years here because
02:26she's just fading everything.
02:27She's the ultimate fader.
02:29They call her Darth fader.
02:30Before we move on from CrowdStrike.
02:32This was just an interesting thing I saw on Twitter X, whatever
02:35you want to call it yesterday.
02:37So from the Deutsche bank, uh, note here.
02:41Our initial reaction on Friday was seeing a 10% pullback in a high
02:45quality stock as a buying opportunity.
02:47However, we were ironically unable to publish our original research
02:51note due to the outage itself.
02:55That's the funniest things I've ever seen.
03:01So the company they're, they're doing a research note on the
03:05company can't post the note because of the company, but they're still bullish.
03:10So, uh, you know, so, uh, Deutsche bank still got the hold on here.
03:15$350 price target for CrowdStrike now currently trading.
03:20Uh, what, what are we at at CrowdStrike?
03:22You guys said that's the funniest note I've ever liked.
03:24That's awesome.
03:27Brilliant.
03:28I don't know about the call, but great job on that line for me.
03:31It's pretty funny.
03:32Yeah.
03:32I mean, that's, yeah.
03:33And someone actually called it on Twitter too.
03:35Oh yeah.
03:35Look, someone, someone, uh, this person tweeted on July 19th.
03:39Imagine being sell side or wanting to publish crowd defend note, but cannot
03:42hit send because the systems aren't working.
03:44So this person, random Muppet Muppet trading on, on Twitter called
03:50that before it even happened.
03:51So they, they like created this hypothetical scenario in their head.
03:55And then the scenario came true.
03:57So shout out to random Muppet as well.
03:59If you're in the chat.
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