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Speaker 3: So we're going to talk about presidential situation in a minute,
Speaker 3: but before we talk about that, we want to talk
Speaker 3: about the global tech out that happened last week that
Speaker 3: is still continuous. Six hundred flights got canceled today. Delta
Speaker 3: had a can six hundred flights today, So there's still
Speaker 3: ramifications of the global tech outage that happened last week
Speaker 3: still continuing this week.
Speaker 2: And a major.
Speaker 3: Player in that is CrowdStrike, a company that we've talked
Speaker 3: about a lot on the show, and as a result
Speaker 3: of that, their stock tumbled over the last two days
Speaker 3: Friday and today, So first thoughts on a global tech outage,
Speaker 3: but then also specifically CrowdStrike. So it's hovering around like
Speaker 3: two sixty five ish areas, so over thirty percent drop
Speaker 3: from it's fifty two week high. So would this be
Speaker 3: a buying opportunity for CrowdStrike?
Speaker 2: Let's go fall more?
Speaker 4: Truth be told, Probably need to wait till two forty
Speaker 4: nine seventy seven. Hell of a drop. Great company. This
Speaker 4: is now for those of you who have been in it.
Speaker 4: If you experienced twenty percent drop rule of thumb, please
Speaker 4: put it in chat. If it drops twenty percent and
Speaker 4: it's not a top five company, you need to sell
Speaker 4: it and repositioned in So two forty nine seventy seven
Speaker 4: if you buy it at seventy seven or two sixty cool.
Speaker 4: But I would be waiting for two forty nine seventy
Speaker 4: seven if I wanted to buy it long term. Troy,
Speaker 4: you're right, CrowdStrike it's not better than TESLAA Elon. I'm
Speaker 4: so sorry. I think what you're saying to me out
Speaker 4: of here. Yeah, because it was. I mean, we got
Speaker 4: a lot of text about it. You know, it's still
Speaker 4: a great company.
Speaker 1: Uh, losing twenty billion dollars in evaluation in the three
Speaker 1: day span is just it's tumultuous. It's a tough run
Speaker 1: for them, But it talks about the importance of cybersecurity.
Speaker 1: The most important thing I thought that came from it
Speaker 1: was like people heard the name CrowdStrike and then it
Speaker 1: became the number one thing searched on Google.
Speaker 2: It was like nobody knew what this company was.
Speaker 1: But it talks about the importance of cybersecurity when it
Speaker 1: can affect banks, when it confects travel, when it can
Speaker 1: affect large enterprise and can affect hospitals, and then it's
Speaker 1: customers as well, right, So you yeah, I mean it
Speaker 1: first started with Microsoft saying hey, we're down. And the
Speaker 1: interesting thing is that Microsoft has its own cybersecurity, but
Speaker 1: they were still using this platform. Obviously it was leading
Speaker 1: in the space. It's gonna be tough. Like like you said,
Speaker 1: I was just gonna say that, thanks.
Speaker 2: Yeah, that.
Speaker 1: You know, we spoke about market shares last week when
Speaker 1: we talk about Tesla inside the EV space. When when
Speaker 1: you talk about market shares inside of cybersecurity, when you
Speaker 1: ask the.
Speaker 2: Question, are they better than Tesla?
Speaker 1: And I was kind of like, nah, there's so much competition,
Speaker 1: those margins are a lot smaller, right, so they don't
Speaker 1: have eighteen percent market share, but like right next to
Speaker 1: them is Microsoft was seventeen percent, and I think Polo
Speaker 1: Alto is next up with probably.
Speaker 2: Like fifteen percent.
Speaker 1: And so you can see when an event like this
Speaker 1: happens from a company like this, when you're the number
Speaker 1: one in the space, you're gonna you're gonna lose.
Speaker 2: Some clients and that's gonna happen. Does it still remain
Speaker 2: a great company? Yeah?
Speaker 1: Will it be number one in the space that is
Speaker 1: in question is in high doubt, high doubt right now,
Speaker 1: But there are still people who still believe in it.
Speaker 1: I just saw Kathy Wood was just invested in twelve million, a.
Speaker 4: Sign that is not going to do well. Look, Kathy,
Speaker 4: I love you, ark shot to the entire team. Y'all
Speaker 4: mean the world to me.
Speaker 2: That is a sign that.
Speaker 1: Is before before the situation was even resolved. You saw
Speaker 1: Elon said, look, we'll out we're no longer using this
Speaker 1: in any of us before they could even.
Speaker 2: Fit fix the issue.
Speaker 1: That doesn't help Microsoft obviously, you know this is a
Speaker 1: huge issue for them. They may look at it as
Speaker 1: like we don't need you as a client anymore. So yeah,
Speaker 1: I think the stock moves down a little bit more.
Speaker 1: We spoke about it in shout out to everybody in
Speaker 1: ey l u H and a few options called. But
Speaker 1: this is why it's like, yo. The long term is great.
Speaker 1: Leaps are great, but if you're going to do short term,
Speaker 1: be very calculated. If you have a percentage, hit your
Speaker 1: percentage and move on. Got a few texts about, hey,
Speaker 1: I was up one hundred and percent in the stock.
Speaker 1: We pulled down to one hundred and ten. What should
Speaker 1: I do? You're still up one hundred and ten percent?
Speaker 2: Rights.
Speaker 1: This is one of those things like count the blessing
Speaker 1: and say, is this an opportunity to watch it fall?
Speaker 1: Or do I take profit? Or do I reposition? I
Speaker 1: think those are the questions that people should ask. But
Speaker 1: it's a good question to ask yourself if you're in
Speaker 1: that position. But I think most importantly is that people
Speaker 1: have strategy and they didn't panic when they saw it
Speaker 1: overall for the week. I mean, it was a tough week,
Speaker 1: but people didn't panic. And that's kind of what I'll
Speaker 1: talk about a little bit more later.
Speaker 4: Gross margins seventy five percent, profit margin two point nine
Speaker 4: to two percent.
Speaker 2: You cannot get me to believe.
Speaker 4: That because you did a single line of code out
Speaker 4: of billions of lines of code that have made a
Speaker 4: worldwide outage happen, or because you push an update to
Speaker 4: Falcon if you go on wickstock Com or score space,
Speaker 4: they got control measurements in place to make sure that
Speaker 4: when the update goes it does not mess up.
Speaker 2: And then kudos to the CEO.
Speaker 4: But when you went on seeing b see in three
Speaker 4: p sixty p I said, oh baby, not a good sign.
Speaker 4: I'm here to tell the truth today. When we get
Speaker 4: to the political commentary, I'm gonna even out and be responsible.
Speaker 4: But right now, CrowdStrike Paula Auto is on you. Microsoft
Speaker 4: is on you. And then, as a result, because now
Speaker 4: more than ever, because of the political climate, we'll get
Speaker 4: to it in a little bit, every company has to
Speaker 4: be stronger and safer than ever because we have unrest
Speaker 4: like we haven't seen in a long period of time.
Speaker 2: SATI is pissed enough.
Speaker 4: Microsoft. I'm disappointed for you at the DEI decision. I
Speaker 4: want to be very clear about that. But SATI is
Speaker 4: not gonna let this fall on them. And then CrowdStrike
Speaker 4: you should have to. You have to look out for
Speaker 4: lawsuits that are going to come their way as a
Speaker 4: result of this. Fellas if you were going to book
Speaker 4: that flight, you got a good excuse to why you
Speaker 4: can't do it today, though tune in the blackout.
Speaker 2: Maybe I was going to.
Speaker 1: But they were adamanted about it not being a cyber attack.
Speaker 1: What's your thoughts on that. I think it was just
Speaker 1: an upgrade issue.
Speaker 4: It was a world wide outage, and you want to
Speaker 4: have me believe that y'all messed up in the uploading
Speaker 4: of the.
Speaker 2: New software program.
Speaker 4: We've had Houston without power center point eight hundred million
Speaker 4: in mobile power units that never touch down in Houston.
Speaker 4: We'll get to that one day. Presidential attack or assassination attempt.
Speaker 4: President incumbent steps down, and you want to tell me
Speaker 4: that you didn't fuck up the code or the software push? Yeah, right,
Speaker 4: because if you say a cyber attack, you're out of business.
Speaker 1: Soilverwick the largest in history, the largest outage in the
Speaker 1: history of the world.
Speaker 4: Brosign's in the airports wild what yeah, yeah, Rest in peace,
Speaker 4: John McAfee. We're gonna have a conversation about John on
Speaker 4: blackout one day. But that's I got a call the
Speaker 4: International Monetary Fund mature protective first.
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