harge57 said:
BigPete3281 said:
Welp I'm on the NOW train, now. Be advised.
Can someone please explain the fascination with NOW on this board? I can't think of one reason to buy it.
It's dancing on a trend line that was hit in 2016, 2017, and 2018 where it either grinded significantly higher each time or in the last case launched into the start of its 8x run from 2018 to the Jan 2025 peak. It has managed to hold that line so far, albeit very gingerly.
CEO bought shares back up at 104 and all their C suite stopped their planned sells. Buyback program is robust, and their fundamentals & earnings show no reason why the stock should be sold down to these levels.
I'm not saying they can't keep going lower, any stock can go to zero. But it does appear they are sharply oversold and that some kind of significant relief rally is due. They are so deeply embedded into so many corporate enterprises that it is hard to imagine their role being replaced in any meaningful way by AI in the near or several years out term.
That's the bull thesis anyway. There are plenty of bears out there on NOW, and they have legitimate concerns. I am putting my chips with the bulls for now.