REVEALED: Why I Sold ALL of My MongoDB Shares

Рет қаралды 6,629

Ай бұрын

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Пікірлер: 39

@extramild1 Ай бұрын

I sold my MongoDB shares last week for a face-ripping 50% loss. I was not sure why I bought them. I am not sure why I sold them except for the price. I am not proud of my actions at either end of the transaction.

@everardotapia904 Ай бұрын

You bought the stock at the top.

@extramild1 Ай бұрын

@@everardotapia904 100% correct. I know that now thou. I did not know that then.

@jankay8569 Ай бұрын

Clearly stock picking isnt for you. Stick to etfs.

@mitchk344 Ай бұрын

You bought in too high in the short term and the fear got to ya. MDB is a very volatile stock it's going to happen. You might end up l regretting your sell at some point. Don't let it get to you too much. It happens and your human. Learn from it is all. The way I look at it. Today your arguing with yourself over dollars when years from now it was just pennies. Only time will tell if mongo is a turd or a gem.

@mehtabrandhawa6870 Ай бұрын

honestly I am more of a buyer at these rates. From experience, I noticed when MongoDB shows signs of weakness and lower revenue forecast thats when you should buy. Not when institutions are hyping it up, after great quarters.

@jamesestes9767 Ай бұрын

I have a feeling this video will age very poorly…

@JamieK348 Ай бұрын

Hi I agree with you that the margin picture is a cause for concern but keep in mind a disproportionate amount of companies' budget is being allocated to AI (it's an AI arms race right now), so that means less spending on services that companies like MDB offer. Couple that with AI is actually displacing the need for some employees and you have a reduction in licenses in proportion to a reduction in staff. At some point this will pass (we are in a cyclical SAAS downturn). The upside, or hope is that MDB will find ways to be more efficient during lean times and come out stronger. That's my take, I plan to hold on and wait it out.

@Jens640 Ай бұрын

Exactly the way I am thinking about it now

@druiz012 Ай бұрын

I sold all my Mongo DB 3 weeks before earnings for a nice 170% gain... overvalued, highly dilutive and just taking way too long to profitability.

@deanaz41 Ай бұрын

I had a few shares, sold at $370 for small gain. Seems the earnings report was a Candygram for Mongo Stock (see movie Blazing Saddles). I'm Back in at $227 and will buy more lower. I agree with Morningstar's analysis from June 4th.

@robin212212 Ай бұрын

Wasn't one of the advantages of mbd the ability to use it among the different cloud providers so that a company would not be locked in? i don't see this value being diminished; i think future data use will accelerate as ai implementation increases and the economy improves. Companies should be consuming and processing data exponentially in the near future.

@donwunder33 Ай бұрын

This is the same as for Redis, Elastic and quite a few other softwares that were co-opted by aws and the like. Cloud lock in is a thing, but doesn't seem to rise to the level of a moat

@michaelmiddleton3311 Ай бұрын

You said you 'sold shares'. Does this mean you are still holding. THX!

@victoryiamofficial Ай бұрын

He isn't, he mentioned earlier in the video he no longer holds the company

@AC-ge2tr Ай бұрын

Hey Brian, thanks for the great content. Small suggestion: always substract SBC from reported FCF and show the real FCF here. Small effort, big effect. Talking about real FCF.

@timkopp9763 Ай бұрын

I think he adjusts this with the share dilution or 2.5-3%, no?

@azulsimmons1040 Ай бұрын

I think it was a smart sell.

@roccopietrofesa7914 Ай бұрын

I just bought at rock bottom, I don't see any way but up from here. I used to do an annual field trip tot Warner Brothers Games as a comp sci teacher and they were very bullish on MDB.

@Jens640 Ай бұрын

It's always hard to tell when the buttom is reached I see significant downside risk (single digits is not very unlikely) but I see massive upside potential too (500 in the next 5 years) so I just hold my shares don't sell and don't buy the dip. In 5 years I know what would have been the right move

@rtorcato Ай бұрын

You know this AI stuff people are talking about? It creates a lot of data. A lot of data. You want to store that data in a database that scales. Sure you can use Postgres or other databases, but good luck sharding database clusters with the alternatives. Mongo was built with scaling in mind.

@mitchk344 Ай бұрын

My opinion the tech is immature (I know it's old) and they need to improve a lot of things. However, I think they some of the largest potential in the market currently.

@whitelex 29 күн бұрын

mongoDB is free to use you can install on your own cloud, why would I host with them?

@mitchk344 28 күн бұрын

@@whitelex Each organization will have unique requirements, making self-hosting a potentially viable but not universally applicable option. I anticipate automation in the data systems field will reduce manual intervention and minimize risks. From my experience, systems that are manually managed often suffer from poor configuration.

@jdog8019 17 күн бұрын

I bought it at $218.. So far, so good..

@weho_brian Ай бұрын

anything not mag6 seems uninvestable these days

@levistern3316 Ай бұрын

I bought your shares :)

@anonymousanonym450 Ай бұрын

good luck

@gurusukh Ай бұрын

This is going to be a double digit stock by the end of this year.

@Jens640 Ай бұрын

Is it a fact or only an assumption that prices have been lowered? I think it is just an assumption...

@paratirisis Ай бұрын

Elastic is eating their lunch.

@zanexie981 Ай бұрын

he's gonna buy ulta beauty

@kevinfarrow7865 Ай бұрын

Let me guess, You/Brian sold MongoDB at its all time high? And I’m sure you bought it at all time lows->Just like every stock You-tuber guy. Share your losses one day (everyone has’em) and how you learned from it. I’ll tune in.

@Jens640 Ай бұрын

He didn't sell at all time high and never said he did

@papi2011 Ай бұрын

From the video, it's pretty obvious he sold after the results. So far from all time high.