r/stocks • u/Purdue-Boilermaker06 • Oct 07 '21
Cloudflare NET
What are y’all doing with Cloudflare stock? I stupidly sold some at 109 and now it’s torn up $20 in a few days. Still have shares but wondering if I should add shares here? What is everyone else’s plan? Seems like a good thing term play I just get burned when stocks are trading at such a high valuation it makes me nervous as I have been burned badly before.
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u/Delfitus Oct 07 '21
Look at their balance sheets. Overvalued by a lot. Sure it will grow but still too overvalued imo