Wallstreet Loves the Cloud, what about Mainstreet and Domainstreet? Trends are your friends. Some trends are too big and disruptive that trying to pen them into a single post is doing injustice to our readers and to the trend itself. With today’s post, I culminate my three-part series on Cloud Computing. I’m a believer in growth stocks. Some growth stories are inevitably better than others. Out the Fakers, elevate the Breakers. Peter Lynch, on investing in dud stocks, once quoted them as “pulling the flowers and watering the weeds .” Ignoring the cloud would tantamount to the same. Head in the Cloud, Feet on the Ground. Invest in the Clouds or be left behind. Ready or not, cloud c omputing is coming to your organization. Are you prepared for the impact cloud computing will have on IT? Stock markets have a sense of reacting ahead oftrends and sometimes this irrational exuberance even goes to the extent of giving stratospheric premiums, high market cap and forward PEs ahead of their earnings. We have seen it in the recent Linkedin.com IPO. Read some of the Cloudpitches by Wallstreet analysts. (Disclaimer: I have no holdings/interests/affiliation with any of the companies/stocks quoted below or with any of the analysts, firms mentioned in this post) Wallstreet Goes GA-GA over the Cloud: 1) Cody Willard Cody scours the news everyday as he applies his trademark “flip it” and “revolutionomics” principles to the trends shaping our world. Some of Cody’s trading career highlights include: • Launching a tech-centric long/short equity hedge fund on October 1, 2002, just eleven days before the Nasdaq finished its two-year long 75% decline. • Owning Apple for his hedge fund from $7 in March 2003 to $160 in October 2007 when he closed his hedge fund and sold all his stocks to become a TV anchor. • Owning Google for his hedge fund from $95 the day it came public in 2004 to $550 in October 2007 when he closed his hedge fund and sold all his stocks.
