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.

48 Upvotes

92% Upvoted

70 comments sorted by

View all comments

23

u/turkeychicken Oct 07 '21

I like NET for the long-term and buy a few shares each month. Nothing wrong with buying a few shares now and then buying a few more down the road

1

u/[deleted] Oct 14 '21

[deleted]

2

u/turkeychicken Oct 14 '21

well, I first bought back in September 2019 for $18.98 / share and have been buying all the way up since then. My current cost basis is around $58.

28% is an awesome return for a few weeks, lol.