Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 1
I'm starting to see some blame being directed at Crowdstrike for the "IT failure" this morning that canceled flights all around the world. I sold my stake a while back. I was regretting it somewhat, but maybe not now.
No. of Recommendations: 0
Down 11% today. Ouch. (Though was relatively stable throughout the day after the initial drop.)
No. of Recommendations: 1
More info, apparently Crowdstrike is to blame. They sent out a flawed update.
https://www.nytimes.com/2024/07/19/business/micros...Also, some sniping about relying on Microsoft for many/most computer OSes. Which I would counter, "if you want the to talk to each other seamless, probably best to have one source...trying to mesh multiple pieces of software from multiple authors can get problematic". Of course, they aren't wrong that if Microsoft (for example) has a weakness, then
everything will have that weakness (and could fail). Or, in this case, Crowdstrike...they released an update, and it crashed a lot of the systems that used them. Can't win for losing.
No. of Recommendations: 3
I'm starting to see some blame being directed at Crowdstrike for the "IT failure" this morning that canceled flights all around the world.
Yes, they are the ones to blame. They get 100% of it. Completely irresponsible to roll an update like this. My company is a customer and roughly 25% of our internet connected Windows desktops were affected.
That said, I would rather deal with something like this than a ransomware attack. I had all of my machines back on-line within 2 hours.
CRWD cannot afford for something like this to happen again, so my bet is that they will put procedures in place to make sure it can't. If they do not, we will start looking at other vendors.
I was lucky to trim in the 350's as well but I will look to add more after the dust settles. The stock is very expensive so I think we will get a chance to buy it lower.
No. of Recommendations: 1
Thanks for the insight.
It is interesting that a lot of authors are trying to pin this on the dominance of Windows, but you are not. Windows does have issues, though the latest versions have been remarkably stable. But it really was the update rollout from Crowdstrike.
I owned it for a while. Put a stop in when I thought it was getting over-valued, and it corrected a bit (and triggered my stop). It has since gone up again. But I made a good chunk of money, so no regrets. Like you, I may have to watch how things fall out as the dust settles.
No. of Recommendations: 0
Took my first nibble back in at 265.
No. of Recommendations: 1
Tempted also. Evidently, CRWD is more firmly entrenched, so change would be difficult for many organizations. If CRWD fixes it, they likely won't lose many customers. So I'm not seeing any likelihood that the company will burn.
The stock as fallen to January levels. Still up from a year ago. I may have to take a nibble, also.
No. of Recommendations: 1
Things seem to be calming down. I mostly like the actions they have taken so far. The Delta lawsuit is unfortunate but I don't think much will come of it. I think it is just lots of face saving on both sides.
I will wait until after the earnings are reported on August 28 before buying any more.
No. of Recommendations: 0
FWIW, I haven't taken the plunge. Like you, I'm still seeing fallout, and waiting for it to settle. In your case, before you buy more. In my case, before I buy in at all.
No. of Recommendations: 2
OK...dipped my toe in. The trend seems to be favorable, and I think most of the fallout from their blunder has been priced-in.
I made a good chunk of money when I sold them several months ago (owned for a couple of years). It's not trivial to deploy a new software package at the enterprise level, so if CRWD fixes their issue and does some good customer service, I doubt they will lose many clients.
No. of Recommendations: 2
Sold CRWD at something like a 450% profit after holding it for 5 years. I had wanted to let this winner run, but I sold on the day following the outage, due to the uncertainty.
Now that the dust has cleared, I bought back in at $274 a couple weeks ago. I think this is a solid company with a big moat, and I'm patient.
No. of Recommendations: 1
Great day for us CRWD shareholders today.
No. of Recommendations: 2
Another very strong up day today to close near $300. Took partial profits today, since it seems a bit extended. We'll see if it can rise above its 200dma next week. Good luck to all.
No. of Recommendations: 2
i was asleep at the wheel this summer on my smallish crowd holdings, I also think its a LT good stock with a moat. I'm just holding steady until the law suits are clearer as many a good company has been destroyed that way. I'm still a little in the green overall on my holdings.
my other pick in that field is sentinel1. "S"
No. of Recommendations: 3
I took some profits from 2/3 of the lot i picked up in early August, today at $444. Shout out to all those who saw the drop as a big time overreaction and didn't panic sell (like so many did.).
of course, hindsight is, as always, quite remarkable.
No. of Recommendations: 0
I trimmed some as well, but at 405 😒
Keeping the rest for now, cybersecurity still has a long runway
No. of Recommendations: 1
I still have about 6% of my port in CRWD. I'm actually amazed at the lack of fallout over that incident.
No. of Recommendations: 1
I took a modest position after the drop. Not trimming since that will just reduce my diversification (I'm still heavy in my former-employer's stock...reduced a bit, but trying to moderate the tax hit). I think CRWD is doing fine, and -as someone just said-, cybersecurity has a long road ahead of it.
