Thread by @RamBhupatiraju

Added itsy bitsy amount of $ETSY today. Also $TTD (add), $NET (add) and $FVRR (new). Thesis in thread below.⬇️

If Mr.Market continues his cranky mood over the next few wks, below are what I'm 👀

Holdings (to add to) : $MELI $PINS $FB $CRM $SHOP $SQ $CRWD $TDOC $GDRX $ROKU $DOCU $TWLO $ZM

Watchlist : $CHWY $PYPL $RDFN $DDOG $SNOW $PLTR $COUP $BL $HUBS

Quick simple thesis on these

$ETSY : Attracted tons of sellers and buyers to the Platform due to COVID (which would have taken years otherwise, masks helped lowering the CAC) , most of them will stick around for years. Financial improved a lot. Outlook is good.

All those listing/transaction/payment/marketing fees will add up nicely over time with increased activity. Just don't take the take rate too far.

$TTD : Huge tail winds. Jeff Green and his team offering transparency and value for all those advertisers who don't want to get stuck with the duopoly of $FB & $GOOG.

$NET : Incredible amount of innovation and product development velocity in all the right areas. Those Customer growth #s are awesome.

$FVRR : Expensive based on past Financials, but the Company got a huge mindshare of the gig-economy. Improved Financials and the Business facing products should gain some traction. Competition from $UPWK, $MSFT /LNKD, but let's see.

To avoid analysis paralysis during crazy down days,
Few questions I ask myself.

✔️ Do I know (or am I worried too much) if the Market will continue to go down in the short-term : No

✔️ Do I have to sell existing positions (at the wrong time) to fund these buys? : Luckily, No

✔️ Am I worried about this rotation into recovery stocks? No. All those existing positions like $DIS $CMG $SBUX $NKE $V $MA $MTCH $ISRG $BRK.B $BIP..... will provide some stability to the Portfolio.

✔️ Do I pile in on any single day (no matter how attractive the prices look)? No

✔️ Are any of these Companies I'm buying speculative (from a fundamentals perspective)? No

✔️ Do they have any Financial risk or product irrelevance risk? No

✔️ Are they aligned with ongoing and durable trends? Yes

✔️ Is there good enough fundamental growth expected from Business in the next few years, irrespective of the interim valuation sentiment? Yes

✔️ For the prices I'm buying today, do I expected a decent return over the long-term? Yes

✔️ What if the prices continue to go down? Re-evaluate the long-term thesis, rotate the sectors/Co's and slowly add more.

Piling into mediocre recovery stocks (for the sake of rotation) when they are already reflecting normalized earnings power (while there's no guarantee that Customers/Businesses will return to previous habits or normal levels of activity) is not a bet I'm excited about making.

Are these recommendations for anyone out there? No

/END.