Take Partial Profits in CrowdStrike (CRWD), Datadog (DDOG) and Dynatrace (DT)
We’ve been waiting for a pullback in high-growth names and that looks to have begun this week. While it’s hard to say if this is just a gut-check moment, the beginning of an overdue consolidation phase, or stage one of a deeper correction (and even harder to say how long any of the above could last and what the eventual damage will be) it seems prudent to take a few actions today to lock in partial gains.
Let’s take three swift actions to protect against further downside moves in three stocks.
CrowdStrike (CRWD) First, sell a quarter of your position in CrowdStrike (CRWD) and hold the rest. I love the stock and the story and think it goes a lot higher long-term, but there’s no shame in taking a partial profit when we’re up roughly 50% in a few months, and then evaluating as time moves on. SELL ONE QUARTER, HOLD REST
Datadog (DDOG) We’re up over 60% with Datadog (DDOG) in just over a month. Need I say more? Love it, but let’s lock in a partial gain. SELL ONE QUARTER, HOLD REST
Dynatrace (DT) Same goes for Dynatrace (DT). We’re up roughly 70%, though we’ve had the position since September. It’s been a rush! Sell one quarter position and hold the rest. SELL ONE QUARTER, HOLD REST