Subject: Re: Valuation
> I just initiated a Gitlab position in anticipation of writing calls against it. Not my comfort zone! But it feels like a shift in the market, possible in some PaaS stocks, specifically.

I don't expect anyone followed my trade here, but I wanted to mention I sold right after https://about.gitlab.com/blog/... was published.

It has rebounded a bit. I am not optimistic about the trade any more. Gitlab had a chance to syphon some business for a brief window and that was exactly the wrong move for the opportunity they had.