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Snowflake, Veeva Systems, Grab Holdings among premarket losers' pack

Mar. 03, 2022 8:33 AM ETAEO, BIG, ORN, VEEV, MDWD, BJ, SNOW, GRAB, RSI, TSP, WEAVBy: Meghavi Singh, SA News Editor7 Comments

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Comments (7)

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Stock Scanner profile picture
Of these, VEEV seems to be the rare SaaS stock that is actually profitable on a GAAP basis. However, there seems to be no appetite for the stocks of companies not deploying their cash flow into buying back stock.
Adambombfx profile picture
Just got hit by a right hook in my upper jaw !

SNOW knock me down on the canvas, need an intra day drop to $200 to be my smelling salt....
Hi Adambombfx,
Wud u be buying here or do u think it’s still too high?
Adambombfx profile picture

I hold SNOW now,down on this result and have a GTC order in to BUY at $200.

Not sure if the market sellers will bring it down that low so I am paying close attention at the open,the volume and may have to settle to BUY at $208.

SNOW had a tremedous QTR and Frank Slootman is a winner !
I certainly agree with u that frank is a winner and thought the qrtr was good..was concerned about outlook..especially given it’s still pretty expensive on P/S even after this drop..hence was wondering if it’s a good time to establish a starter position..
Thx so much
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