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What blow's my mind is that Atlassian stock has barely taken a hit...

by jmondi 5y ago

pigtailgirl 5y ago
the stock is on a rally today - just goes to show - the market is full of surprise
capableweb 5y ago
It was a long time ago individual stocks represented anything grounded in reality. People talk about "fundamentals" and so on, but that's not what the price is based on. I don't think anyone know why the prices move as they do anymore, as there are so many algorithms involved today, both manual and automatic ones.
devmunchies 5y ago
it was at $317 on the day of the outage and now at $278.5. A ~12% drop. You're right, not much of a drop for such a large outage.
- deleted 5y ago
  [deleted]
- __app_dev__ 5y ago
  The outage did not impact the stock, most major tech stocks have taken a large hit in the past week and a half (until today). This even is not even showing on any financial news site. I'm still hoping it does and the stock goes down because I place an option order yesterday betting that it goes down by next Friday. Seems like it won't now but the risk was worth taking in my book.
NineStarPoint 5y ago
Unless their revenue takes a long term hit over the outage, no reason for the stock market to care. There isn't news of people actually planning to stop using Atlassian products over this. The only direct consequence is going to be the one time payment of SLA credits. So I guess the part I find surprising is how little impact this looks like it will have on people using their products more so than I am that the stock market doesn't care much about this.
- mountainriver 5y ago
  Yeah Atlassian is a corporate leech, you don’t get away that easy
ferdowsi 5y ago
The market will react at the next earnings report, not now. And only if customers start to bail.
__app_dev__ 5y ago
Yeah, I place a Put option order yesterday. By end of day I was up over 50% and now down to 50% of what I original purchased the Put at because it went up 5% today. Oh well, better luck next time.
zmmmmm 5y ago
in some ways it should be bolstered by this because most of the customers appear helpless, just passively waiting for their data to be restored. It shows that Atlassian have them at their mercy and it must therefore suggest that there is a lot of lattitude to extort more out of them through abusive licensing terms / price increases in the future.

What blow's my mind is that Atlassian stock has barely taken a hit...

by jmondi 5y ago

What blow's my mind is that Atlassian stock has barely taken a hit...

pigtailgirl 5y ago

the stock is on a rally today - just goes to show - the market is full of surprise

capableweb 5y ago

It was a long time ago individual stocks represented anything grounded in reality. People talk about "fundamentals" and so on, but that's not what the price is based on. I don't think anyone know why the prices move as they do anymore, as there are so many algorithms involved today, both manual and automatic ones.

devmunchies 5y ago

it was at $317 on the day of the outage and now at $278.5. A ~12% drop. You're right, not much of a drop for such a large outage.

deleted 5y ago
[deleted]
__app_dev__ 5y ago
The outage did not impact the stock, most major tech stocks have taken a large hit in the past week and a half (until today). This even is not even showing on any financial news site. I'm still hoping it does and the stock goes down because I place an option order yesterday betting that it goes down by next Friday. Seems like it won't now but the risk was worth taking in my book.

NineStarPoint 5y ago

Unless their revenue takes a long term hit over the outage, no reason for the stock market to care. There isn't news of people actually planning to stop using Atlassian products over this. The only direct consequence is going to be the one time payment of SLA credits. So I guess the part I find surprising is how little impact this looks like it will have on people using their products more so than I am that the stock market doesn't care much about this.

mountainriver 5y ago
Yeah Atlassian is a corporate leech, you don’t get away that easy

ferdowsi 5y ago

The market will react at the next earnings report, not now. And only if customers start to bail.

__app_dev__ 5y ago

Yeah, I place a Put option order yesterday. By end of day I was up over 50% and now down to 50% of what I original purchased the Put at because it went up 5% today. Oh well, better luck next time.

zmmmmm 5y ago

in some ways it should be bolstered by this because most of the customers appear helpless, just passively waiting for their data to be restored. It shows that Atlassian have them at their mercy and it must therefore suggest that there is a lot of lattitude to extort more out of them through abusive licensing terms / price increases in the future.