Bubbles burst,…

…like,…

…pendulums swing.

We’ve seen bursts.

We’ve gauged our way through them.

Lucratively.

Why?

We save up…

…for such situations.

Earlier, bursts were rare.

Now, they are common…

…and quick.

That’s great news for us.

What’s the worst that can happen in a tech-bubble burst?

Front-liners can start trading at single-digit valuations.

Mid-tiers can be down 50 to 75%.

Smaller players can lose 90% of their market cap.

When front-liners trade at single digit valuations, we’ll load up on these.

Medium sized tech scrips showed even ten-bagger behaviour lately. Such down-side would be immensely valuable for us, to avail re-entry opportunities.

Coming to small-sized, debt-free tech players with remarkable free cash-flow to market cap ratios, ya, we do own a couple, and ya, we would re-buy.

So, what’s all the hoo-hah?

Bubble bursts, we buy.

Strategy is outlined.

Players are demarcated.

No time for small-talk, chit-chat, or any other non-useful “market-activity”.

Meanwhile, we just keep trading from interim low to interim high in our pursuit for small quanta of cost-free-ness.

Period.

🙂